Gold price rebounds as dollar and yields cool off - Mining.com.au

AI desk brief

Gold rebounded as the US dollar and Treasury yields eased from recent highs, with spot gold up as much as 1.2% and back toward US$4,400/oz, while most-traded Comex futures rose 0.7% to around US$4,450/oz. The move followed a sharp yield-driven pullback in bullion over recent sessions, after 10y-type yields climbed to nearly three-year highs despite Treasury’s larger buyback program.