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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.
Gold prices slip as surging US Treasury yields lift dollar
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