KONTAN.CO.ID - JAKARTA. Gold prices on Wednesday fell from last session's six-month peak as the U.S. dollar firmed and Treasury yields remained elevated, while investors weighed the worsening COVID situation in top bullion consumer China. Spot gold fell 0.5% to $1,804.48 per ounce by 1226 GMT, having hit its highest since the end of June on Tuesday. U.S. gold futures dropped 0.6% to $1,811.60. The dollar index steadied and benchmark 10-year yields held close to their highest levels in more than a month.
Gold Drifts Lower From 6-Month High on Dollar Uptick
KONTAN.CO.ID - JAKARTA. Gold prices on Wednesday fell from last session's six-month peak as the U.S. dollar firmed and Treasury yields remained elevated, while investors weighed the worsening COVID situation in top bullion consumer China. Spot gold fell 0.5% to $1,804.48 per ounce by 1226 GMT, having hit its highest since the end of June on Tuesday. U.S. gold futures dropped 0.6% to $1,811.60. The dollar index steadied and benchmark 10-year yields held close to their highest levels in more than a month.