Climbing Yields, Stronger Dollar Weigh On Gold Prices ...Middle East

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Climbing Yields, Stronger Dollar Weigh On Gold Prices
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Gold prices reversed course on Thursday, dropping from a more than two-week high, as bullion’s appeal continues to be tarnished by climbing US Treasury yields and a firmer dollar. Spot gold fell 1.1% to $1,728.96 per ounce by noon EST, while US gold futures for April delivery held steady at $1,728.80 per ounce.   Meanwhile, the benchmark US 10-year Treasury yield rose to 1.74% for the first time since January 2020, helping to lift the dollar from a two-week low.  The US Federal Reserve on Wednesday said the US economy was on…

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