PRECIOUS-Gold slips as dollar firms, Treasury yields rebound Reuters 6 hrs ago
July 21 (Reuters) - Gold prices slipped on Wednesday, as a buoyant dollar and a rebound in U.S. Treasury yields stemmed inflows into the safe-haven bullion spurred by fears the Delta coronavirus variant may stall a global recovery.
FUNDAMENTALS U.S. gold futures eased 0.1% at $1,808.90 per ounce. Yields on 10-year Treasuries bounced off five-month lows, increasing the opportunity cost of holding non-interest bearing gold. The dollar, also considered a safe bet during geopolitical uncertainties, held near a 3-1/2-month peak against its rivals, potentially trimming appetite for gold by making the metal more expensive for holders of other currencies.