Gold poised for biggest weekly drop since December on stronger dollar and as 10-year Treasury yields continue to climb, curbing demand for non-interest bearing precious metals.
Bullion for immediate delivery -0.1% to $1,289.09/oz at 9:26am in Singapore; -2.3% this week and near lowest since late Dec.
Bloomberg Dollar Spot Index set for fifth straight weekly gain. Yield on 10-year Treasuries at 3.12%, highest since 2011
Other precious metals : Silver -1.4% this week to snap two weeks of gains
Source : Bloomberg