Gold holds near lowest level this year as 10-year Treasury yields edge up to 3.1% after solid American economic data, damping demand for non-interest bearing precious metals.
Bullion for immediate delivery flat at $1,290.69/oz at 8:38 am in Singapore. Metal dropped to $1,286.46 Wednesday, lowest level since Dec. 27
Bloomberg Dollar Spot Index -0.1% to retreat from highest level this year. Yield on 10-year Treasuries steady at about 3.1%, highest since 2011
Other precious metals : Silver little changed at $16.3699/oz, Platinum steady at $892.38/oz, Palladium little changed at $987.92/oz.
Source : Bloomberg