Gold falls to lowest over USD’s jump

Gold prices have been served a blow by a new rebound of the U.S. dollar and by the rise of the 10-year bill yields.
Gold for December delivery lost $14.60, or 0.8%, to settle at $1,722.90 per ounce, following another decline by 0.8% on Tuesday.
Prices marked the lowest most active contract settlement since March 31 according to FactSet data.
Gold futures declined on Wednesday for the second successive session coinciding with the U.S. dollar index’s jump to its highest levels in a year sending prices for the precious metal to their lowest finish since late March.
The popular ICE U.S. Dollar Index was up 0.6% for the day, and the index is up 1.1% so far this week and 2.1% over the past quarter, pressuring prices for the precious metals.