By Zhang Mengying
Investing.com – Gold was down on Friday morning in Asia, as the U.S. dollar and U.S. Treasury yields clawed back after a decline during the previous session.
were down 0.17% to $1,847.05 by 11:22 PM ET (3:22 AM GMT). The , which normally moves inversely to gold, was up on Friday morning.
Benchmark strengthened after a sharp fall on Thursday, denting demand for non-yielding bullion.
The on Friday despite rising inflation while global central banks are taking tight monetary policies.
delivered on Wednesday its biggest interest rate hike since 1994. The also unexpectedly hiked rates by 50 basis points on Thursday, while the raised its interest rates to 1.25% on the same day.
In other precious metals, was down 0.33%. fell 0.68%, and gained 0.62%.
