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Gold rally loses steam as yields edge up, stocks rebound

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Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.

Oct 10 - Gold prices edged down on Tuesday after clocking a sharp rise in the last session as risk sentiment improved and bond yields rebounded, while investors awaited the U.S. inflation data due later this week.

"Markets remain responsive to further signs of escalation and further events that unfold over the coming days. But for now, it seems that markets have settled down," said Craig Erlam, senior markets analyst at OANDA. European stocks rebounded sharply on Tuesday as dovish comments from Fed policymakers and easing oil prices helped calm investor nerves.

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