Gold price slides as dollar firms and Treasury yields climb, even with Middle East risk
Spot gold dropped 1.2% to $5,075.54 an ounce by 1648 GMT Thursday as the dollar index rose 0.5% and U.S. 10-year Treasury yields hit a three-week high. The fall erased earlier gains driven by safe-haven demand amid escalating U.S.-Israeli airstrikes on Iran. Traders are watching Friday’s U.S. jobs report and the Fed’s March 18 policy decision. Spot silver fell 1.9% to $81.83.