Gold falls slightly amid rising US government debt yields

The price of gold fell slightly on Friday morning, according to the trading data.

According to Report, the price of August futures for gold on the New York Comex exchange fell by $3.05 (0.15%) to $1,967.65 per troy ounce. July silver futures fell 0.04% to $23.938 an ounce.

The yield on ten-year government bonds (US Treasuries) increased to 3.738% from 3.726% on the previous trading day. US government bonds constitute an alternative to gold as a "safe" asset. Their quotations usually have multidirectional dynamics.