Gold prices firm as yields slide

Gold prices gained on Thursday, with greenback-priced bullion drawing on support from slightly lower U.S. Treasury yields.

Spot gold traded up at $1,844.57 per ounce by 0305 GMT. U.S. gold futures also climbed 0.1% to $1,846.80.

According to Reuters, Benchmark U.S. 10-year Treasury yields dropped, buoying the appeal of zero-yield gold.

Meanwhile, the US dollar firmed after hitting a more than one-week peak in the previous session, making some interest in the yellow metal among overseas buyers.

The precious metal is considered a safe haven during times of political and economic uncertainty.