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Gold Slips as Yields Climb

Prices for gold eased on Friday and was headed for a weekly fall, as higher Treasury yields dented the appeal of zero-yield bullion, with a stronger dollar adding further pressure.

Spot gold was down 0.2% at $1,934.01 U.S. per ounce. U.S. gold futures fell 0.8% to $1,937.90.

The U.S. dollar firmed for a second straight session, making greenback-priced gold less appealing.

Gold is on course to end the week about 1.4% lower, having dropped earlier this week on signs of progress in talks between Russia and Ukraine. Negotiations aimed at ending the five-week war were set to resume even as Ukraine braced for further attacks in the south and east.