Gold Prices Slip As Surging US Treasury Yields Lift Dollar

Gold prices edged down on Friday to near their lowest levels this year, pressured by a firm U.S. dollar amid surging U.S. Treasury yields.

Spot gold was down about 0.1 percent at $1,289.16 per ounce at 0253 GMT, after hitting its lowest since Dec. 27 in the previous session at $1,285.41.

The metal was heading for its biggest weekly decline since early-December.

U.S. gold futures for June delivery were 0.1-percent lower at $1,288.30 per ounce.

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Suhani Verma

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