Gold futures finish lower, pressured by a rise in Treasury yields

Gold futures finished lower on Tuesday, pressured by a rise in U.S. Treasury yields. The yellow metal saw a modest decline “while lacking any real longer-term direction,” said Craig Erlam, senior market analyst at OANDA. This is “perhaps a sign of the limbo investors find themselves in: recession risks but a hot economy, peace talks without any sign of peace,” he said. Still, “there remains plenty of appetite for a safe haven and inflation hedge.” June gold fell $6.50, or 0.3%, to settle at $1,927.50 an ounce.

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