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Gold prices held steady on Wednesday, near record highs hit in the last session, on increased demand for the safe-haven metal, particularly on economic uncertainty in China where investors are short. ....
Spot gold fell 0.6% to $2,338.19 per ounce, as of 8:58 a.m. ET. U.S. gold futures lost 0.1% to $2,360.7. The U.S. dollar index rose 0.5% and U.S. Treasury yields spiked after the data, making non-yielding bullion less attractive. ....
The U.S. dollar index surged by 0.5%, and U.S. Treasury yields experienced an uptick after the release of the data, diminishing the appeal of non-yielding bullion. ....