Bears hang on to bullion as bulls prefer cash

02.06.2022

Gold prices slid to a two-week low on Wednesday on a stronger dollar and U.S. Treasury yields amid renewed global inflation concerns that could prompt aggressive monetary policy measures.

Spot gold was down 0.4% to $1,830.66 per ounce by 1147 GMT, after hitting its lowest since May 19 at $1,827.80. U.S....