Metals Stocks: Gold pulls back from multiyear high as dollar firms, Treasury yields charge ahead

Gold futures dropped Monday, but remained near multiyear highs, as the dollar index tipped higher and benchmark Treasury yields cleared their steepest level since April 2014.

February gold GCG8, -0.68% lost $10.80, or 0.8%, to $1,341.60 an ounce. The ETF SPDR Gold Shares GLD, +0.08% fell 0.5% and the VanEck Vectors Gold Miners GDX, +0.91% eased 0.7%.

Futures on the precious metal climbed about 1.4% for last week, to log their sixth such gain in seven weeks. Gold’s Friday losses came in contrast to Thursday’s regular session, when prices finished at $1,362.90, the highest settlement for a most-active futures contract since Aug.

>>> Original Source <<<