Gold broadly steady as fall in Treasury yields balances tempered safe-haven bids

Gold and silver bars are piled up in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, on Jan 10, 2025. - Photo: Reuters

Gold was broadly steady on Friday as a drop in U.S. Treasury yields eased the opportunity cost of holding bullion, while muted safe-haven demand kept prices in check as investors assess U.S-Iran negotiations.

Spot gold edged up 0.1% at $5,192.19 per ounce by 0543 GMT. The benchmark 10-year yield fell to a three-month low on the day.