Home / World News / Gold prices ease off three-month peak as US dollar, yields firm

Gold prices ease off three-month peak as US dollar, yields firm

Weighing on gold, the dollar and safe-haven currencies held their gains, while yields on the benchmark US 10-year Treasury note edged higher

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Photo: Andrey Rudakov/Bloomberg

2 min read Last Updated : Feb 14 2022 | 12:12 PM IST

Gold prices eased on Monday from a three-month high touched in the previous session, pressured by stronger U.S. dollar and bond yields, although losses were limited as rising tensions surrounding Ukraine supported safe-haven demand for bullion.

Spot gold was down 0.4% at $1,851.96 per ounce, as of 0436 GMT. In the previous session, prices jumped the most since mid-October and hit their highest level since Nov. 19 at $1,865.15.

U.S. gold futures rose 0.6% to $1,852.80.

Weighing on gold, the dollar and safe-haven currencies held their gains, while yields on the benchmark U.S. 10-year Treasury note edged higher.

Higher yields dent the demand for

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Topics : Gold Prices US Dollar Gold trade Gold futures

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