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Gold prices gain on lower U S bond yields, virus worries

Gold prices gain on lower U.S. bond yields, virus worries 07/18/2021 | 09:24pm EDT Send by mail : Message : Required fields July 19 (Reuters) - Gold prices edged higher on Monday as a fall in U.S. Treasury yields and concerns over a global economic recovery slowdown due to the spread of the Delta variant of the coronavirus lifted demand for the safe-haven metal. FUNDAMENTALS U.S. gold futures edged up 0.1% at $1,816.40. Benchmark 10-year Treasury yields dropped to a near two-week low at 1.2640%, reducing the opportunity cost of holding non-interest bearing gold. Asian shares slipped again as investor risk appetite was soured by fears of rising inflation and a relentless surge in

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