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Gold little changed on dollar strength but set for weekly gain
Gold prices were little changed on Friday as a stronger U.S. dollar and rising Treasury yields dented demand for the non-yielding metal, though bullion was still set for a weekly gain. Spot gold rose 0.1% to $4,338.37 an ounce as of 10:05 a.m. ET (1505 GMT), but was set to log a weekly gain of 0.9%. U.S. gold futures also gained 0.1% to $4,370.10. The U.S. dollar climbed to a more than one-week high, making dollar-priced bullion costlier for overseas buyers. Benchmark 10-year U.S. Treasury yields also edged higher. "We’re seeing some reaction to a stronger U.S. dollar, higher yields along the curve, and a ... (full story)
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