Gold eases on firm US Dollar
07-Jun-22   12:08 Hrs IST
Gold came under renewed pressure as dollar firmed overnight tracking sharply higher treasury yields ahead of US inflation data. The dollar index, that measures the greenback against a basket of currencies pushed as high as 102.64, a week's high, buoyed by the 10-year US Treasury yields that climbed to 3.05% for the first time in nearly four weeks. COMEX Gold dropped to a week's low under $1839 levels and is currently quoting at $1844.20 an ounce. Gold will likely stay focused on US inflation data due Friday that could provide more clues on the Fed's rate-hiking path, ahead of next week's policy decision.

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