Gold falls as treasury yield rally dents appeal

Gold prices edged lower on Wednesday as surging U.S. bond yields dented the metal's appeal and bets for upbeat corporate earnings lifted risk-on sentiment. Spot gold dropped 0.1% to $1,767.71 per ounce by 0100 GMT. The metal rose as much as 1.2% on Tuesday before giving up most of those gains as Treasury yields rallied. U.S. gold futures fell 0.1% to $1,768.40.

from Commodities-Markets-Economic Times
Read The Rest:economictimes...