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PRECIOUS-Gold holds near multi-month lows as U.S. yields advance


U.S. Fed officials prepared to keep monetary policy easy
Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa (Updates prices)
Feb 18 (Reuters) - Gold lingered near 11-week lows in choppy trading on Thursday as investor optimism for a global economic recovery raised U.S. Treasury yields and made the precious metal less attractive.
Spot gold inched 0.1% lower to $1,774.21 per ounce at 1:45 p.m. EST (1845 GMT), near its lowest since Nov. 30 at $1,767.20, hit earlier.
U.S. gold futures settled up 0.1% at $1,775.
Recent U.S. data, including manufacturing numbers from the New York Federal Reserve and separate economic readings from the Philadelphia Fed, were very strong and showed “things are starting to come back from the coronavirus slump,” said Bob Haberkorn, senior market strategist at RJO Futures. ....

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