Gold prices are falling slightly on December 7 morning due to an increase in the yield of an alternative ‘safe’ investment – US government bonds, Report informs referring to the auction data.

The price of February gold futures on the New York Comex exchange is down 0.06%, or $1.1, to $1,778.4 per troy ounce.

The decline in the price of the precious metal is facilitated by the yield on ten-year US Treasuries, which rose to 1.451% from the previous close of 1.434%, which makes this alternative for ‘safe’ investments more attractive.