Gold struggled to gain traction on Tuesday and got stuck around the $1,730/oz level as a slight uptick in US Treasury yields spooked investors away from the non-yielding metal. In the absence of significant fundamental drivers, prospects for an economic boom, which was underpinned by the US Federal Reserve’s continued ultra-easy monetary policies and increased vaccine rollouts, dented most of the appetite for havens assets. Last week, gold booked a weekly gain, the first rise in three weeks.
