Gold edges lower as firmer dollar and higher yields weigh on prices

Gold prices edged lower as a firmer dollar and higher yields weighed on the precious metal. This was reported by Qazaqyia.kz citing Reuters.

According to the source, the strengthening of the US dollar and rising bond yields put pressure on gold prices. Under the influence of these factors, the price of the precious metal edged slightly lower.

Gold is typically viewed as an asset that moves against the dollar and yields, so a firmer dollar and higher bond yields reduce its appeal.

As Reuters reported, these market changes led to a slight decline in gold prices.