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Gold dips as dollar firms, yields rise

Reuters  |  LONDON 

By Maytaal AngelLONDON (Reuters) - Gold dipped on Tuesday, heading for a third straight day of losses as a rise in U.S. borrowing costs supported the dollar and overshadowed the impact of strife in Gaza.Israeli troops shot dead dozens of Palestinian protesters on the Gaza border on Monday when the high-profile opening of the U.S. embassy to Israel in Jerusalem by the Trump administration raised tension to boiling point. But gold investors were fixated on the dollar, which rose versus a currency basket as 10-year U.S. bond yields shot above 3 percent, sending borrowing costs higher in a number ...

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First Published: Tue, May 15 2018. 19:03 IST