Gold eases off seven-week high as US bond yields rise

Gold eases off seven-week high as US bond yields rise

The Edge Markets - World·2021-04-20 15:07

BENGALURU (April 20): Gold prices edged lower on Tuesday, moving away from a seven-week high hit in the last session, as a rebound in U.S. Treasury yields overshadowed support from a sagging dollar.

Spot gold was down 0.1% to $1,768.06 per ounce by 0053 GMT, after hitting its highest since Feb. 25 at $1,789.77 on Monday.

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