Gold stays near November lows amid rising Treasury yields
Gold prices declined to their lowest level since November, registering $3,942.99 per ounce. This decline was driven by rising U.S. Treasury bond yields and a strengthening dollar, alongside expectations of interest rate hikes. These factors amplify concerns over inflation and Middle East tensions, both of which have increased expectations of a tightening of U.S. monetary policy. Meanwhile, investors are awaiting the monthly employment data for insights into the future direction of interest rates.
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