Gold Prices Under Oil and Yield Pressure as Mexico Silver Output Weakens in July – Heraeus

Heraeus analysts report gold slipped below 4250 dollars per ounce support amid elevated bond yields, a firmer dollar and oil above 100 dollars a barrel. Prices now hover around 4100-4200 dollars, with the next key support near 4000 dollars. Ten-year Treasury yields rose above 5.3 percent and real yields exceeded 2.9 percent.