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Gold prices fall as firmer dollar offsets easing US bond yields

By Brijesh Patel
(Reuters) - Gold prices edged lower on Monday as an uptick in the dollar dented the metal s appeal, although lower U.S. bond yields and prospects of a prolonged accommodative interest rate environment limited losses.
Spot gold was down 0.2% at $1,886.76 per ounce as of 0308 GMT, after rising more than 1% in the previous session, as U.S. May non-farm payrolls fell short of expectations.
U.S. gold futures eased 0.1% to $1,889.60 per ounce.
We are seeing some long covering in Asia today, with risk hedges being unwound after an uneventful news weekend, helped by a slightly stronger U.S. dollar and with Bitcoin rallying, said Jeffrey Halley, OANDA senior market analyst. ....

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Gold prices hit over two-week low on stronger dollar, bond yields

Read more about Gold prices hit over two-week low on stronger dollar, bond yields on Business Standard. US gold futures dropped 0.5% at $1,864.10 per ounce ....

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Gold edges lower as dollar firms; focus on US economic data, Fed policy

Read more about Gold edges lower as dollar firms; focus on US economic data, Fed policy on Business Standard. On Tuesday, gold prices hit their highest level since January 8 at $1,916.40 ....

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Gold scales near 5-month peak on weaker dollar, inflation worries

Read more about Gold scales near 5-month peak on weaker dollar, inflation worries on Business Standard. Spot gold was up 0.2% at $1,911.45 per ounce by 0255 GMT, after hitting its highest since Jan. 8 at $1,914.26 earlier in the session ....

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