Atlanta-based cryptocurrency company ordered to payback money to customers

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Reuters

Gold firms as weaker U.S. bond yields counter lofty dollar

Gold prices edged higher on Tuesday as a decline in U.S. Treasury yields countered pressure on greenback-priced bullion from sustained strength in the dollar. Spot gold was up 0.2% at $1,856.75 per ounce, as of 0213 GMT. “Not only do we have a clear downtrend in gold prices at the moment, the drivers are pretty straightforward as the potential for higher rates and a stronger U.S. dollar have overwhelmed any safe-haven appeal of gold,” said Michael McCarthy, chief strategy officer at Tiger Brokers, Australia.