Gold slips as firmer dollar and rising Treasury yields weigh
Gold traded lower on Tuesday around $4,393, down 0.50%, snapping a two-day winning streak as US dollar strength and higher long-term Treasury yields pressured the metal.
XAUUSD
Gold came under selling pressure on Tuesday, snapping a two-day winning streak. XAU/USD was trading near $4,393, down roughly 0.50% at the time of the update.
The move lower was driven by a firmer US dollar and rising long-term US Treasury yields, which tend to reduce the appeal of non-yielding precious metals.
Source: FXStreet Forex News