Gold is falling as the dollar rises and US bond yields

Gold is falling as the dollar rises and US bond yields

By 1147 GMT, spot gold was down 0.1 percent to $1,713.91 per ounce.
US gold futures increased by 0.1% to $1,722.50.
As the dollar index increased against its competitors by 0.6%, gold became more expensive for owners of other currencies. The US Treasury 10-year yield increased as well.
Silver prices for other precious metals decreased by 0.7% to $20.56 per ounce.
Palladium increased 1.2% to $2,275.41 while platinum finished at $918.01 per ounce.

As the currency and US bond yields increase, gold prices are declining.

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