Gold edges higher as virus spread cuts yields, pressures stocks

Gold edged higher as Treasury yields fell for a second day on fears of a slowing economic recovery and the prospect of reduced central-bank stimulus.

European and U.S. equities fell Thursday as investors sought havens, boosting U.S. bonds and bullion. The relentless spread of the delta virus variant is taking its toll on America’s economy as well as global supply chains, depressing growth while boosting inflation.

Federal Reserve Bank of Dallas President Robert Kaplan said he would support a plan to adjust the bank’s bond buying program soon after the September meeting. Remarks from European Central Bank President Christine Lagarde after