Gold posts biggest weekly loss since June as higher bond yields outweigh geopolitical tensions

Gold prices in Egypt edged higher on Saturday despite the closure of global markets, following a volatile week in which bullion recorded its steepest weekly decline since early June, as rising US Treasury yields and a stronger dollar outweighed support from heightened geopolitical tensions, according to Marsad Al Dahab for Economic Studies. Walid Farouk, Director […] The post Gold posts biggest weekly loss since June as higher bond yields outweigh geopolitical tensions first appeared on…