Gold dips below $1800 per ounce

Published on Dec 20, 2022 12:34

Gold prices fell back below $1800 mark on Tuesday as treasury yields continued to stay firm on expectations of more interest rate hikes going forward. The benchmark 10-year US bond yields climbed 1.5 basis points (bps) to 3.60% adding pressure on the yellow metal. The dollar however stayed steady under 105 following a rebound from six month low last week. COMEX gold is seen holding marginally lower at $1796.70.