Gold (XAU/USD) attracts sellers on Tuesday, snapping a two-day winning streak as a firmer US Dollar (USD) and rising long-term US Treasury yields weigh on the precious metal. At the time of writing, XAU/USD trades around $4,393, down 0.50% on the day.
The benchmark 10-year US Treasury yield has climbed toward 4.75%, while the 30-year yield has risen above 5.30%, its highest level since 2007. The rise in yields is part of a broader global bond sell-off driven by inflation and fiscal concerns, with long-term borrowing costs in the United Kingdom, Germany and Japan also climbing to multi-decade highs. Higher yields increase the opportunity cost…
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