Strength in dollar index tracking rebound in benchmark US treasury yields is keeping gold prices subdued in early Asia on Thursday. The 10-year benchmark treasury yields are higher by 0.26% at 3.57% while dollar index that measures the greenback against a basket of currencies is quoting at 102.43, up 0.13% on the day. Besides upbeat global equities amid slightly improving risk sentiment is also weighing on the yellow metal although persistent concerns surrounding baking crisis will limit decline in the safe haven commodity. COMEX Gold is currently quoting at $1974.9 an ounce, down nearly half a percent on the day.
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