Gold Prices Slide as US Dollar Strengthens and Bond Yields Rise

Gold and silver prices are declining due to a strong US dollar and rising US Treasury yields. Investor risk appetite is low as China reports downbeat economic data. Asian stock markets are mostly lower, and US stock indexes are expected to open lower. The US dollar is at a six-month high, while crude oil futures prices are slightly weaker. The technical outlook for gold and silver is bearish in the near term. US economic data to be released includes the employment trends index and economic optimism index.