Higher interest rates tend to boost the dollar and push bond yields up, making greenback-denominated gold more expensive for other holders and denting its non-yielding appeal.
Gold prices recovered slightly due to short-covering on Wednesday, after Tuesday's slide to the lowest level this year, thanks to surging U.S. bond yields and a stronger dollar. "The slight pickup suggests that there might have been some opportunistic buying on the part of investors", said John Sharma, an economist with National Australia Bank.
Spot gold rose 0.3 per cent to $1,293.89 per ounce at 0330 GMT, after shedding 1.7 percent and marking the lowest this year at $1,288.31 in the previous session.
A stronger dollar makes greenback-denominated gold more expensive for holders of other currencies, while rising USA yields tend to weigh on bullion's non-yielding appeal.
Treasury yields surged higher after April retail sales came in as expected with a 0.3% month-over-month increase, but the March increase was revised higher to 0.8% from 0.6%, and core retail sales jumped 0.4%.
Yields and the dollar are likely to rise further, pushing gold to US$1,275 by the end of June and US$1,250 by year end, below the US$1,310-US$1,360 range it has inhabited since January, said ABN AMRO analyst Georgette Boele.
Among the S&P industry groups, the rate-sensitive real estate space ended at the bottom of the standings with a 1.7% loss, including a 3.8% rout in the iShares U.S. Home Construction ETF.
BSNL rolls out Rs 118 prepaid plan to take on Reliance Jio Telecom operators in the country have kept on refreshing their prepaid plans since the entry of Reliance Jio to the Indian market. The state-run telecom operator, BSNL, recently launched Rs 39 prepaid plan that offers unlimited voice calls to the subscribers.
"Jai Hind" replaces "Yes, ma'am" or "Yes, Sir" in MP According to reports, the state education board said that this change will instill a sense of patriotism among the students. The opposition Congress was quick to react over the new school education department order.
Investors largely disregarded news that North Korea had called off high level talks with South Korea due on Wednesday, less than a month before a planned summit between Kim Jong Un and US President Donald Trump.
"The market is getting increasingly disappointed about (gold's) inability to react to those (geopolitical) drivers", said Ole Hansen, head of commodity strategy at Saxo Bank.
While global political tensions continued to provide safe-haven support to the metal, investors said the main price drivers would likely remain a stronger dollar and rising USA interest rates.
Higher interest rates in the United States and a rising dollar would continue to add downward pressure on gold, Lau said.
As for other precious metals, silver for July delivery went down 37.6 cents, or 2.26 percent, to settle at 16.269 dollars per ounce.
Platinum was up 0.1 percent at $904 per ounce, while palladium fell 2 percent to $975.72 an ounce, after dropping to a more than one-week low at $964.
During the cathechesis, the pope explained the significance of the white garment worn when receiving the sacrament. Israel claims that Hamas is spurring the violence and using it for cover for attacks.
The project has also been opposed by the United States, which seeks to export its own liquefied natural gas (LNG) to Europe. Finland approved the pipeline last month and the pipeline's operator started preparatory work shortly after that.
The stock of Canadian National Railway Company (NYSE:CNI) has "Hold" rating given on Wednesday, October 26 by Stifel Nicolaus. Meridian Wealth Management LLC's holdings in Canadian National Railway were worth $515,000 as of its most recent SEC filing.
Brinker Capital invested 0.65% of its portfolio in Apple Inc. 7,393 are owned by Marathon Mgmt. (NASDAQ:FNGN) for 101 shares. Moreover, Ct Mason has 3.78% invested in Apple Inc. (NASDAQ:AAPL) has "Buy" rating given on Sunday, August 16 by Rosenblatt.
While Nikki claimed that she "hadn't heard" what Cena said on the show and, when told about his comments, looked surprised. During an appearance on The Today Show , John Cena had a chat about his breakup with hosts Kathie Lee and Hoda.
Strong winds and dust storm, followed by light showers were witnessed across the national capital, as reported by ANI. The police received almost 60 calls related to fallen trees, electricity polls and wall collapses across the region.
As a result, the competition is expected to take away the existing tournaments: the Club World Cup and the Confederations Cup. Liverpool could be set for a £100m boost after the new Club World Cup deal was put on the table.
"They lose all three matches 3-0 & fined R50 000 on each offence", SAFA stated on their official Twitter account at the time. Platinum Stars now have 27 points and will be taking part in the PSL/National First Division promotion-relegation play-offs.
The achievement was announced after the ModelX P100D pulled a Boeing 787-9 Dreamliner on the tarmac for 300 metres. Although it's rated to tow 2500kg, the Model X managed to pull the 130,000 kg airplane almost 300 meters.
Ronda Rousey Says She Will Be Pregnant 'Someday Soon'
The two wrestlers will be facing each other in a singles match for the Raw's Women's Championship on June 17 Rosemont, Illinois. The 31-year-old WWE superstar has been talking about babies for a while - first bringing up the topic on "Ellen" back in 2016.
NES and SNES Classic Editions to return
Pre-orders sold out in advance of the launch and those hoping to buy one in-store were met with long lines and empty shelves . There will be no increase in the NES Classic Edition price for its return, as it will still be sold at $59.99.
C's Dominate 2nd Half, Take 2-0 Series Lead
It wasn't about how LeBron James would respond after a quiet 15-point effort as the Boston Celtics rolled in the opener. Who is most likely to win the 2018 NBA Championship? They're gooning the game up, and we've got to do the same thing.
Kings bowled out for 88 as RCB thrash KXIP by 10 wickets
Barring his match-winning knock against Royal Challengers Bangalore , Rohit has failed to live up to the expectations this season. In order to seal qualification, they will hope Kings XI Punjab lose to both Mumbai Indians and Chennai Super Kings.
Trailer : Mission : Impossible - Fallout
Anyway, the sixth film is called Mission: Impossible - Fallout , and it'll be in cinemas in about two months. However, Ethan hunt from the " Mission impossible " could compete with Clint Barton or Natasha Romanoff.
Beta updates to OnePlus devices finally bring group MMS
Coming to the software update, the OnePlus 3 is getting Open Beta 36, while the OnePlus 3T is getting Open Beta 27. For some unusual reason, Android Messages (the default SMS app) on OnePlus devices doesn't support group MMS.