MTECHTIPS;- Gold Prices Edge Up; Dollar Steadies On Higher U.S.

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MTECHTIPS;- Gold Prices Edge Up; Dollar Steadies On Higher U.S. Yields

MTECHTIPS-Gold prices were slightly higher on Thursday while the U.S. dollar steadied amidst higher U.S. 10-year treasury yieldGold futures for June delivery on the Comex division of the New York Mercantile Exchange was up $1,1, or 0.1%, to $1,354.6 a troy ounce by 12:52 AM ET (04:52 GMT). Meanwhile, The dollar was steady on Thursday against other major currencies. Market continues to eye the U.S.-Japan meeting that discusses the trade relations between the two countries to look for directional drivers for the greenback The U.S. dollar index that tracks the greenback against a basket of six major currencies steadied at 89.22. The dollar got a lift from the higher 10-year U.S. Treasury yields that climbed from 2.82% to 2.87%. Dollar-denominated assets such as gold are sensitive to moves in the dollar – a gain in the dollar makes gold more expensive for holders of foreign currency and thus decreases demand for the precious metal