India, Feb. 20 -- Gold prices jumped in the day's trade as an easing in bond yields as well as the greenback's retreat fueled a favor for the yellow metal.
Bond yields eased across regions amidst an uncertainty about the monetary policy outlook. Ten-year bond yields declined 1.2 percent in Japan, 1 percent in Germany as well as Canada and 0.66 percent in France.
Yields on 2-year U.S. treasuries declined 1.4 percent whereas for the 5-year tenor, the decline was 0.87 percent. While ten-year bond yields in the U.S. declined 0.39 percent, the longer-term 30-year bonds recorded an uptick of 0.20 percent in yields.
The Dollar's retreat also fueled a bullish momentum in the prices of Gold. The Dollar Index, a measure of the Dollar's strength ag...