Gold retreats from its highest level in five months

Gold prices fell today, after hitting their highest level in five months earlier in the session, after the recovery of the US industrial sector and the rise in US Treasury bond yields to the highest level in a week. Spot gold fell 0.3% to $1,902.05 an ounce, after hitting its highest level since January 8 at $1,916.40 an ounce earlier in the session, and US gold futures recorded $1,905 an ounce.

As for other precious metals, silver fell 0.3% to $27.97 an ounce, while palladium rose 1.1% to $2,860.16 an ounce, and platinum rose 0.8% to $1,195.90 an ounce.