Commodities
Gold Prices Slip as Stronger Dollar and Higher Yields Weigh on Bullion
Gold prices remained steady on Friday but were poised for a second weekly decline as a stronger US dollar and higher Treasury yields put pressure on bullion. Investors awaited key US payrolls data, which will provide clues on the Federal Reserve's policy path.
The US dollar is heading for a weekly gain, making gold more expensive for holders of other currencies. Yields on 10- and 30-year Treasuries hit their highest levels since 2002 on Thursday, further pressuring gold prices.
'Market participants are watching US interest rate expectations and geopolitical developments in the Middle East,' said Kyle Rodda, senior financial market analyst at Capital.com.