Gold prices slip as dollar and yields climb higher
Spot gold fell 0.2% to $4,536.72 as a stronger dollar and rising Treasury yields weighed on prices. Persistent inflation and hawkish Fed signals capped gains.
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Xurve View
Gold fell 0.2% to $4,536.72 per ounce on May 21 as a stronger dollar and rising Treasury yields pressured gold. Gold has declined 14% since the conflict in the Middle East began in late February. High interest rates and energy-driven inflation continue to weaken gold's appeal as a non-yielding asset.
