NEW YORK: Gold slipped on Friday as some investors locked in profits from a six-session long streak of gains, and an uptick in US bond yields cooled safe-haven inflows into bullion driven by inflation worries. Spot gold fell 0.7% to $1,849.36 per ounce by 1157 GMT, after hitting a five-month peak on Wednesday. US gold futures dropped 0.7% to $1,851.00.
Raising gold's opportunity cost, US benchmark 10-year Treasury yields held above the 1.5% mark, while the dollar index rose to its highest since July 2020.
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