Gold Slides Amid Rising US Yields

Published on Mar 04, 2021 13:29

Rising US treasury yields pulled Gold lower. COMEX Gold futures yet again dropped near eight month low as a firm US dollar index weighed on the commodity. Not much of buying support is emerging in the metal as Covid-19 vaccinations continue globally. The US dollar index hit around one month high of 91.40 and is holding around 91 level today, keeping a tab on commodities. COMEX Gold fell near $1710 per ounce in Asia today, down around half a percent on the day.