Gold falls after rising for five trading days

Gold prices fell on Tuesday morning after rising for five trading days, Report informs referring to trading data.

The price of April gold futures on the New York Comex exchange fell $24.44 from the previous close, or 0.48%, to $5,097.56 per troy ounce.

Over the previous five trading days, the price of the precious metal rose 8.69%, reaching a new all-time high of $5,145.39 per ounce on Monday.

March silver futures fell 6.71% to $107.643 per ounce.

The current decline in gold prices may also be influenced by rising yields on US Treasury bonds, which are an alternative safe-haven asset. Meanwhile, the yield on 10-year US Treasury notes rose to 4.23% from 4.214% at the previous close.