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Source: https://www.mining.com/gold-price-dealt-fatal-blow-by-bond-yield-rally/
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Gold prices fell to their lowest in over two months on Wednesday as surging bond yields and a firmer US dollar continued to take a toll on the precious metal.
Spot gold is headed towards its fifth straight drop, down 1.1% to $1,775.04 an ounce by 11:40 a.m. EST. US gold also declined 1.4% to $1,773.00 an ounce in New York.
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Gold prices fell to their lowest in over two months on Wednesday as surging bond yields and a firmer US dollar continued to take a toll on the precious metal.
Spot gold is headed towards its fifth straight drop, down 1.1% to $1,775.04 an ounce by 11:40 a.m. EST. US gold also declined 1.4% to $1,773.00 an ounce in New York.
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