Gold Slips as Higher US Dollar, Treasury Yields Weigh

Gold prices gave up early gains to hover near a five-month low on Tuesday on a stronger US dollar and higher bond yields.

Spot gold was down 0.2% at $1,890.39 an ounce, after rising as much as 0.6% earlier in the session.

US gold futures gained 0.4% to $1,930.90.

The dollar rose 0.2%, making gold more expensive for holders of other currencies, while benchmark 10-year US Treasury yields scaled levels not seen since November 2007.

Spot silver slipped 0.5% to $23.22 an ounce, while platinum rose 0.4% to $912.91. Palladium gained 1.4% to $1,262.53.

Source: Qatar News Agency