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Gold prices slip as surging U.S. Treasury yields lift dollar

Reuters  |  BENGALURU 

By Apeksha NairBENGALURU (Reuters) - Gold prices edged down on Friday to near their lowest levels this year, pressured by a firm U.S. dollar amid surging U.S. Treasury yields.Spot gold was down about 0.1 percent at $1,289.35 per ounce at 0657 GMT, after hitting its lowest since Dec. 27 in the previous session at $1,285.41.The metal was heading for its biggest weekly decline since early December.U.S. gold futures for June delivery were 0.1 percent lower at $1,288.60 per ounce.The dollar held near a five-month peak against a basket of currencies on Friday thanks to the benchmark U.S. Treasury ...

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First Published: Fri, May 18 2018. 12:45 IST