Commodities Gold prices slip as surging US Treasury yields lift dollar Updated : May 18, 2018 12:52 PM IST Spot gold was down about 0.1% at $1,289.35 per ounce at 0657 GMT, after hitting its lowest since Dec. 27 in the previous session at $1,285.41. US gold futures for June delivery were 0.1% 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 US Treasury yield topping a seven-year high. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.