Gold hits seven-week low as dollar firms, Treasury yields climb
Gold slid to a seven-week low on Monday as the dollar pared losses after its worst quarterly performance in seven years and 10-year U.S. Treasury yields climbed, weighing on appetite for non-interest bearing bullion. Gold ended June with its first monthly loss of the year after the strength it saw in early 2017 ran out of steam in the second quarter, dampened by a rise in bond yields. Spot gold was down 0.5 percent at $1,235.26 an ounce at 0935 GMT, while U.S. gold futures for August delivery were up $7.40 an ounce at $1,234.90.
Source:: https://finance.yahoo.com/news/gold-slips-dollar-pares-losses-051639234.html
