Gold Closes Lower Pressured by Treasury Yields

Gold prices finished lower on Wednesday, due to a rise in U.S. Treasury bond yields, abolishing all of yesterday’s gains and settling below $1,740 an ounce.

A decline by the U.S. Dollar (USD) across the board might have limited the yellow metal’s losses, which might have expanded as Bitcoin exceeded the $63,000 level for the very first time.

Gold futures for June delivery lost $11.30, or 0.7%, to close at $1,736.30 per ounce.