Gold edged higher on Friday as the US Dollar weakened, ending the week on a positive note following seven consecutive down days for the precious metal. Still, the yellow metal recorded its worst weekly performance since early January, falling close to 2.5%. One reason for the recent weakness is rising treasury yields, more specifically, rising real yields. Real yields – nominal bond yields minus the breakeven inflation outlook – have risen as investors price in a $1.9 trillion Covid relief package. While the proposed stimulus has bolstered inflation bets, it appears to have propelled sentiment surrounding an economic ... (full story)