Gold prices in the US surged to $4,364 as Treasury yields jumped to 5.33% amid the Federal Reserve's recent hike and ongoing Trump-Iran talks.
The spot gold price increased by 1.11%, while US futures fell 1.2% to $4,420.60 per ounce.
According to Reuters, higher bond yields and rising energy prices pressured the precious metal, reducing its appeal as a safe-haven investment.
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