Gold Returns to Losses as Treasury Yields Rise

Gold prices declined on Wednesday, closing at their lowest level in about nine months, amid the rise of Treasury yields and the U.S. Dollar (USD).

The yellow metal futures for April delivery closed lower by $17.80, or 1%, at the level of $1,715.80 per ounce.

This is the lowest finishing level for gold’s most-active contracts since June 8, 2020.

Meanwhile, silver futures for May delivery lost 49 cents, or 1.8%, to end the session at $26.387 per ounce.