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Gold Prices Show Signs of Weakness Amidst Rising Bond Yields

[Click here for an interactive chart of gold prices] Amidst a two-week high in the benchmark 10-year US Treasury yields and a nearly two-month high in two-year yields, the non-yielding bullion has begun to lose its allure for investors. The rise in bond yields acts as a force of gravity, pulling gold prices downward. “I do think that things are trending lower for the gold price, there is a pretty strong floor support at about $1,960 that I don’t expect to see gold go below,” said Everett Millman, chief market analyst at Gainesville Coins, in a Reuters note. The bullish market