Benchmark 10-year US Treasury yields rose almost 1 basis point at 1.571%, while 10-year German bond yields were flat at -0.1%. Spot gold prices fell $6.79 or 0.51%, to $1,323.91 an ounce. Bond and gold prices fell on expectations the Federal Reserve may raise interest rates by year-end following the recent batch of encouraging US economic data. New York: US stock prices rose on Friday, marking four straight weeks of gains, while sterling dropped on bleak data that raised fears about a possible British recession following the country’s 23 June vote to leave the European Union. That put pressure on gold prices and core government bond yields.

Source: Mint July 22, 2016 20:15 UTC