Gold prices fell today after the dollar strengthened and Treasury yields rose as data showing surging inflation in the U.S. fuelled bets for steeper rate hikes from the Federal Reserve.

After a minor pause in yesterday’s session, the market resumed its downturn and shed over one and a half percent.

Markets ended 3-week long recovery spree and lost over 2%, pressurized by weak cues.

Gold edged down in the morning session and headed for a weekly fall, as Treasury yields & dollar rose, with investors awaiting key monthly U.S.

Markets took a breather and gained over half a percent on the weekly expiry day.

Gold prices remained muted, with prices restrained by rising Treasury yields ahead of key U.S. jobs and inflation data this week.

Markets witnessed a roller coaster ride and ended the session with a cut of nearly half a percent.

Gold prices steadied today as the US dollar and Treasury yields bounced back, with investors looking ahead to US inflation data for more direction on interest rates.

Markets inched lower and lost nearly a percent amid mixed cues.

Gold prices steadied today as investors wagered that aggressive tightening plans by major central banks would keep interest rates elevated for an extended period, boosting US Treasury yields and in turn the dollar.