Gold falls amid rising US government bond yields

Gold prices on August 17 morning fell and are trading below $1,925 per troy ounce amid rising US government bond yields after the release of the Federal Reserve System (Fed) minutes, Report informs referring to the auction data.

The price of December futures for gold on the New York Comex exchange fell by $5.05 (0.26%) to $1,923.25 per troy ounce. September silver futures rose 0.04% to $22.543 an ounce.

The yield on ten-year US government bonds rose to 4.295% from 4.26% at the previous close. US government bonds are an alternative to gold as a reliable asset, so their quotes, as a rule, have multidirectional dynamics.