Gold futures close higher Tuesday, as climbing bond yields and dollar take a breather

Gold futures finished higher on Tuesday as a surge in both the U.S. dollar and Treasury yields took a breather. Gold for June delivery rose 0.4% to settle at $1,870.60 an ounce, a day after prices fell 2.5%. The move higher for the precious metal came as the recent upward climb in the U.S. dollar took a breather and Treasury yields also steadied, after the 10-year rate briefly hit the 3% threshold on Monday. Rising yields can be a negative for nonyielding assets, like gold. May silver also finished higher Tuesday, up 0.4% to end at $22.62 an ounce.

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