Gold prices fall slightly due to rising US government bond yields

Gold prices fell slightly on January 18 morning amid rising US government bond yields, Report informs referring to the auction data.

The price of February futures for gold on the New York Comex exchange dropped by 0.07%, or by $1.35, to $1,815.05 per troy ounce.

The 10-year US Treasury yield rose to 1.839% from the previous close of 1.772%.

Investors will be keeping an eye on US economic data this week to see what the Federal Reserve will do next. Statistics on the number of new buildings in the US is expected to be published on January 18, and on January 19 - on the number of initial applications for unemployment benefits.