Gold extends decline as bond yields rise and oil prices firm
Gold futures fall for a third straight session. A global bond selloff lifted yields, while a Middle East flare-up pushed crude prices higher, raising inflation and Fed policy concerns.
Gold futures fall for a third straight session as a global bond selloff pushes yields up and the flare-up in the Middle East sends crude prices higher.
The rise in oil prices raises concerns about inflation and implications for Fed interest-rate policy, particularly after Fed Chairman Kevin Warsh e…