Gold falls on rising Treasury yields

Gold prices fell on Thursday as US Treasury yields rose amid bets the Federal Reserve will raise interest rates in March.

Spot gold fell 0.3% to $1,820.18 an ounce. US gold futures fell 0.4% to $1,820.10.

In the previous session, bullion rose to $1,827.92, its highest level since January 5.

Gold slipped despite a weak dollar, which makes bullion cheaper for foreign buyers, on a day when data showed initial claims for jobless benefits in the United States rose to 230,000, against expectations. than 200,000 applications for the week ending January 8.

Among other precious metals, silver fell 0.1% to $23.10 an ounce and platinum fell 0.5% to $972.58.