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CHICAGO Cheap Danny Drinkwater Jersey , June 30 (Xinhua) -- Gold futures on the COMEX divisionof the New York Mercantile Exchange fell Friday because of a risein global bond yields, which diminished appetite for preciousmetals.
The most active gold contract for August delivery fell 3.5 U.S.dollars, or 0.28 percent, to settle at 1,242.30 dollars perounce.
The metal fell about 1.1 percent for the week and lost 2.6percent for the month. For the first six months of the year Cheap Charly Musonda Jersey ,however, it rose 7.9 percent, according to FactSet data trackingthe most-active contracts.
A week of selling in government bonds, fueled by concerns thatglobal central bankers may be inclined to end a protracted periodof accommodative policies, including purchasing troves of sovereignpaper Cheap Cesc Fabregas Jersey , has rattled markets. The Fed ended its bond-purchase programin 2014 and has lifted benchmark interest rates four times since2015.
Higher yields tend to increase the opportunity cost ofpurchasing commodities that don't offer a yield to assets, likebonds, which are seeing yields pick up.
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