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Gold recovers from 9-month low as U.S. yields retreat


Holdings of SPDR Gold hit lowest since April 2020 on
Monday
March 9 (Reuters) - Gold prices rose on Tuesday, as a
pullback in U.S. Treasury yields added some lustre to the metal
after it hit a nine-month low in the previous session.
Spot gold rose 0.7% to $1,692.21 per ounce by 0703
GMT. Prices had fallen more than 1% on Monday to $1,676.10,
their lowest since June 5.
U.S. gold futures climbed 0.7% to $1,690.30.
Dip buyers have emerged after the 1.15% fall overnight and
U.S. bond yields have slightly eased, which has provided support
for precious metals, OANDA senior market analyst Jeffrey Halley
said.
U.S. 10-year Treasury yields edged lower, ....

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