Bears return to bullion as US state securities post better yields

26.02.2021

Gold shed more than 1.5% to a near one-week low on Thursday as a surge in U.S. Treasury yields and better-than-expected economic data out the United States dented demand for the safe-haven metal.

Spot gold was down 1.4% to $1,778.96 per ounce at 10:22 a.m. ET (1522 GMT), after earlier touching...