Gold falls over 1.5% amid rising bond yields
Gold prices declined by more than 1.5% due to the rise in U.S. Treasury bond yields, reaching their lowest level since August. Markets are closely monitoring upcoming U.S. employment data, which could influence the Federal Reserve's monetary policy decisions. The increase in bond yields raises the opportunity cost of holding non-yielding assets like gold, thereby pressuring its prices. This decline follows gold reaching its highest level in over three months last week, before dropping significantly amid ongoing monetary policy data and inflation expectations.
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