Time :10:30 am
- Gold was down on Thursday morning in Asia, but a weakening dollar and U.S. bond yields retreating from a three-week high capped the yellow metal’s losses.
- Gold futures inched down 0.09% to $1,868.60 by 11:38 PM ET (4:38 AM GMT) after climbing to a record over-five-month high on Wednesday. The dollar, which normally moves inversely to gold, inched down on Thursday but remained near a 16-month high.
- Benchmark U.S. 10-year Treasury yields recorded a modest climb on Thursday but retreated from a three-week high hit during the previous session. An auction of 20-year bonds also disappointed.
- In other precious metals, silver edged up 0.2% after the Silver Institute said in a report that global silver demand will rise to 1.029 billion ounces in 2021, its first time exceeding one billion ounces since 2015. Platinum and palladium rose 0.3%.