Gold slides as US yields surge, keeping $4,100 out of reach

Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, according to the US Dollar Index (DXY). The XAU/USD trades at $4,045.

XAU/USD drops as Treasury yields, Fed dissents and inflation risks pressure Bullion

The yellow metal is poised to finish the week with losses of over 0.11%, unable to decisively crack the $4,100 milestone. At the same time, the DXY, which tracks the performance of the buck’s value against six currencies, is down 0.05%, at 99.91, but failed to provide a tailwind…

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