Gold Retreats as Surging US Yields Pressure Bullion
Gold traded lower on Tuesday near $4,364 as rising US Treasury yields weighed on bullion, while energy prices advanced amid stalled US-Iran talks.
XAUUSD
Gold edged lower on Tuesday, with XAU/USD changing hands around $4,364. The pullback came as US Treasury yields maintained upward momentum, reducing the appeal of non-yielding bullion.
Energy prices extended gains as talks between the US and Iran showed a lack of progress, adding another layer of market focus.
The combination of firmer yields and higher energy prices kept pressure on gold during the session.
Source: FXStreet Forex News