Gold prices fell today, due to pressures of increasing the yield on US Treasury bonds, and heading towards the first weekly decline in three weeks.
And by 00:49 GMT, gold fell in spot transactions 0.1 percent to 1950.01 dollars an ounce. US gold futures rose 0.2 percent to $1,952 an ounce.
Gold fell by 1.3 percent during the week. The yield on US Treasury bonds for ten years continued to increase with hawkish statements from Federal Reserve officials (the US central bank) regarding the policy of raising interest rates, which reinforces expectations that the US Central Bank will raise interest rates quickly and significantly in the context of addressing the increase in inflation.
