Gold edged lower in early Asia trade on Thursday. Bond yields remained elevated due to a selloff in French bonds after the latest violent unrest in the country, according to ANZ. The precious metal struggled as higher yields weighed on demand, with market focus on the ongoing instability in France contributing to a risk-off environment.
ANZ noted the bond market reaction to the civil disturbances, which reinforced the upward pressure on yields and kept gold prices under pressure.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing