Gold Falls Below $4,150 as US Treasury Yields Stay Elevated
Gold extended its decline in early Asian trading Tuesday, dropping to around $4,135 as elevated US Treasury yields weighed on the metal.
XAUUSD
Gold traded around $4,135 in early Asian hours on Tuesday, falling below the $4,150 level. The drop extended the precious metal’s downside as US Treasury yields remained elevated.
The source noted that higher US bond yields kept pressure on gold even as energy prices fell. XAU/USD was quoted near $4,135 during the session.
Source: FXStreet Forex News