Gold faces sharpest daily drop in nearly six weeks as dollar, Treasury yields edge up

Gold futures headed for back-to-back losses connected Thursday and perchance the sharpest diminution successful bullion successful astir six weeks arsenic the U.S. dollar and Treasury yields popped higher pursuing information showing a emergence successful retail income past month.

Confidence successful golden “has been light, susceptible even, particularly with the wide commodity analyzable enjoying different rally — not to notation bitcoin,” said Ross Norman, main enforcement serviceman astatine Metals Daily.

“Clearly,...