Lower crude oil prices and rising U.S. Treasury yields are driving the yellow metal down today amid a lack of major fresh fundamental news. August gold was last down $11.20 at $1,922.70 and July silver was up $0.119 at $22.945.
The key outside markets today see the U.S. dollar index lower and trending down. Nymex crude oil prices are lower and trading around $68.00 a barrel. Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching 3.83%.
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