Stronger dollar, rising yields weigh on gold
Benchmark US 10-year Treasury yields edge higher while gold is on track for a weekly loss
14 May 2021 - 07:51
Bengaluru — Gold prices fell on Friday and were on track for a weekly loss, as a firmer dollar and rising US Treasury yields dampened the metal’s safe-haven appeal.
Spot gold was down 0.3% at $1,821.89/oz at 4.01am GMT. For the week, bullion has lost nearly 0.5%. US gold futures eased 0.1% at $1,822.10/oz...
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