XAU/USD falls to $4,509 after US yields recover from Wednesday losses, pressuring bullion amid a stronger USD.
Gold prices declined 0.33% on Thursday as US Treasury yields recovered, reversing some of Wednesday’s losses. The move weighed on bullion, which also faced pressure from a stronger US Dollar.
The XAU/USD pair traded at $4,509 after reaching a daily high earlier in the session. The rebound in yields followed recent Treasury buyback activity, reducing demand for non-yielding assets like gold.
Market focus remains on US economic data and monetary policy expectations, which continue to influence yield movements and dollar strength.