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Gold futures end lower as bond yields rise

18 Mar 2021 Evaluate
Gold futures ended lower on Wednesday, snapping two day straight gains, as the rise in Treasury Yields trimmed the yellow metal investments. However, weaker dollar and reaffirmation of dovish stance of Federal Reserve Bank limited some losses of the bullion.

Gold futures for April slipped by 0.2% or $3.8 at $1,727.10 an ounce on the Comex division of the New York Mercantile. However, spot gold rose rose 0.8% to $1,743.93 per ounce.