Gold Futures Close Marginally Lower

Gold prices registered small losses on Tuesday, maintaining the $1,900 level, as the U.S. Dollar (USD) declined across the board.

The yellow metal futures for August delivery closed lower by 30 cents, or 0.02%, at $1,905 per ounce.

A rise in U.S. Treasury bond yields impacted gold’s trading today, following positive economic data that showed expansion in the manufacturing sector, with the benchmark 10-year Treasury bond yield rising above 1.61%.

Gold futures gained about 8% in May, closing last week at its highest level since January 7.