PRECIOUS-Gold wallows at multi-month lows as tapering bets buoy dollar, yields
Aug 10 (Reuters) – Gold prices languished near multi-month lows on Tuesday, hurt by a rise in U.S. bond yields and a stronger dollar after robust U.S. jobs data last week raised bets over the Federal Reserve tapering stimulus earlier than expected.
FUNDAMENTALS
* Spot gold was little changed at $1,730.47 per ounce by 0039 GMT. On Monday, prices touched $1,684.37, their lowest since March 31.
* U.S. gold futures edged 0.4% higher to $1,732.90 per ounce.
* The dollar index firmed near more than two-week high, making gold more expensive for holders of other currencies.
* U.S. Treasury yields rose to a more than three week high as record-high job openings on top of stronger-than-expected employment gains in July added to the narrative of an improving labour market.
* Job openings, a measure of labour demand, shot up by 590,000 to a record high of 10.1 million on the last day of June, the U.S. Labour Department reported in its monthly Job…
