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Gold hits fresh 2018 low as rising yields lift dollar

Updated : May 16, 2018 06:26 AM IST

Downward momentum in gold picked up after the metal broke below support at its 200-day moving average at $1,306 an ounce.
Israeli troops shot dead dozens of Palestinian protesters on the Gaza border Monday when the high-profile opening of the US embassy to Israel in Jerusalem by the Trump administration raised tension to a boiling point.
A Federal Reserve official backed the case for further US interest rate hikes, saying inflation had not yet reached the US central bank's 2% goal in a sustained way.
Gold hits fresh 2018 low as rising yields lift dollar
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