<div id="readability-page-1">09:13 AM EDT, 05/20/2026 (MT Newswires) -- Gold prices fell for a third-straight session early Wednesday even as treasury yields eased and the dollar steadied. Gold for June delivery was last seen down $11.30 to US$4,499.90 per ounce, the lowest since March 26.The price of the precious metal has been challenged by a higher dollar and rising bond yields as investors fret the high oil prices that have followed the war on Iran will force central banks to hike interest rates to stave off rising inflation.&#34;Gold trades lower on Fed hike anxiety as the dollar, and not least bond yields, continue to rise amid inflation concerns driven by the Middle East conflict and prolonged disruption to the supply of key commodities moving from the Persian Gulf through the almost closed Strait of Hormuz,&#34; Saxo Bank noted.The dollar was mostly steady early, with the ICE dollar index last seen up 0.02 points to 99.35. Treasury yields eased off 15-month highs, with the U.S. two-year note last seen down 0.8 basis points to 4.119% after rising to the highest since February 2025 a day earlier, while the 10-year note was paying 4.655%, down 1.6 points. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

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Gold prices fell for the third consecutive session, down $11.30 to $4,499.90 per ounce, the lowest since March 26. This decline is attributed to a stronger dollar and rising bond yields amid concerns over inflation driven by high oil prices following the Iran conflict. The ICE dollar index was steady at 99.35, while U.S. treasury yields eased from 15-month highs.

Gold Edges Lower Even as Yields Ease and the Dollar Steadies