Gold ended the week higher despite two-day losses and profit-taking, as rising short-term bond yield

From youtube.com/cmegroup

Profit‐taking intensified amid stronger-than-expected U.S. nonfarm payrolls data, which drove front‐end Treasury yields sharply higher. As short‐term bond yields climbed, the opportunity cost of holding non‐yielding gold increased, putting downward pressure on bullion. Bob Iaccino explains.