since end-November, as recent strength in U.S. Treasury yields
dented the non-yielding metal’s appeal.
FUNDAMENTALS
GMT, having touched its lowest since Nov. 30 at $1,765.35
earlier in the session. Prices have declined 3% so far this
week.
* Benchmark U.S. Treasury yields edged higher, having hit a
near one-year peak earlier in the week. Higher yields increase
the opportunity cost of holding bullion, which pays no interest.
* The dollar was also set to mark a weekly gain,
making gold expensive for holders of other currencies.
* U.S. jobless claims unexpectedly increased last week,
raising the possibility of a second straight month of tepid job