Gold is seen lower in early Asia on Thursday as US treasury yields refreshed to 14 year highs and dragged the dollar higher. US 10-year Treasury yields was above 4.0% as market rushed towards the risk-safety as investors maintained expectations that the Federal Reserve will continue to aggressively raise interest rates to bring down soaring inflation, boosting demand for the U.S. currency. The US Dollar Index (DXY) regained 113.00 threshold after bouncing off a two-week low the previous day, in turn weighing on the bullion prices. COMEX gold is currently quoting down 0.22% at $1630.55 an ounce. Powered by Commodity Insights
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