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Gold futures mark first loss in 5 sessions

MarketWatch logo MarketWatch 5/11/2021 Myra P. Saefong
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Video: What to watch in gold futures going into next week (CNBC)

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Gold futures finished with a loss on Tuesday, putting an end to a streak of gains over the past four trading sessions. U.S. Treasury yields have moved up so the short-term move for gold is likely due to "fear of yields busting through their former ceiling marked this past month," said Adam Koos, president of Libertas Wealth Management Group. "If this happens, I'd expect it to put some downside pressure on gold," he said. However, the dollar is also "breaking down simultaneously," so that may provide some support for the metal. June gold fell $1.50, or nearly 0.1%, to settle at $1,836.10 an ounce after ending Monday at the highest since Feb. 10.

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