Gold Posts First Losses in Four Days Limiting Weekly Rise

Gold prices declined on Friday, after rising for three consecutive sessions, as the U.S. Dollar (USD) Treasury bond yields rose again.

The yellow metal futures for April delivery finished lower by $2.80, or 0.2%, at $1,719.80 per ounce.

For the week, gold’s most active contracts rose by nearly 1.3%.

The benchmark 10-year Treasury bond yield in the United States increased on Friday to its highest level since February 2020, at 1.627%, after touching a high of 1.635 earlier in the day.

Meanwhile, the Dollar Index (DXY) is up by 0.28% at 91.67, moving throughout the day almost entirely in the positive territory in a range between 91.40 and 91.96.