Gold Declines from Three-Month Highs

Gold prices declined on Tuesday, following four consecutive rises, amid an increase in Treasury bond yields in the United States.

The yellow metal futures for June delivery closed marginally lower by $1.50 at $1,836.10 per ounce.

The decline comes after gold’s most active contract rose on Monday to its highest level in about three months.

However, gold is expected to maintain a solid ground due to increased demand for safe haven assets resulting from fears about a rise in inflation and selling pressures in the stock market.