Gold futures prices slipped Wednesday as elevated bond yields hovered near their steepest since 2011 and the dollar index traded slightly higher.
December gold GCZ8, -0.14% was down $1.20, or 0.1%, at $1,190.30 an ounce, nearing a revisit of the one-week settlement lows of $1,188.60 hit Monday, before Tuesday’s mild rebound. December silver SIZ8, -0.24% fell 2 cents, or 0.2%, to $14.375 an ounce.
The ICE U.S. dollar index DXY, +0.02% was steady-firmer, near 95.68; it remains nearly 4% higher this year so far, contributing to a roughly 9% drop for gold over the same stretch.
