Gold prices fell on Thursday, extending losses for the second day, on profit-taking from a 4-month high and rising US Treasury bond yields, ahead of the US economic growth data for the first quarter of this year.

Gold prices fell 0.2 to $1,892.20 an ounce, after opening at $1,896.31, and hit a high of $1,903.69

Gold closed lower by 0.1% yesterday, on profit-taking from a 4-month low of $1,912.74 an ounce.

The 10-year US Treasury bond yields rose by 0.75%, which raises the opportunity cost of buying gold, which does not generate yields.

These came ahead of the release of the US growth data for the first quarter of this year, and the weekly jobless claims.

Gold stocks at the SPDR ETF fell 2.04 metric tonnes yesterday, with the total at the highest level since March 19 at 1,044.08 metric tonnes.

USD/JPY tilted lower in Asian trade off May 20 highs amid a lack of data from Japan and ahead of US data later today. 

as of 07:09 GMT, USD/JPY fell 0.09% to 109.04, with an intraday low at 109.04. 

From the US, GDP growth is expected at 6.5% in the first quarter, up from 6.4% in the preliminary reading, while GDP prices are expected up 4.1% unchanged in the first quarter from the preliminary reading.

Durable goods orders are expected up 0.8% in April, while core orders are expected up 0.8% in April, compared to a 1.9% rise in March. 

Unemployment claims for the week ending May 22 are expected down 17 thousand to 427 thousand, while durable goods orders are expected down 71 thousand for the week ending May 15 to 3.68 million, as pending home sales are expected up 0.6%, slowing down from 1.9% in March. 

US stock indices rose on Wednesday, amid optimism about the US economy's recovery from the coronavirus pandemic impact.

Efforts to contain the coronavirus are continuing by distributing more vaccines and imposing precautionary measures and lockdowns.

Many countries have succeeded in containing the Covid-19 outbreak, led by the US, the UK, France, China, Germany, and others.

The White House stated that half of US adults will be fully vaccinated against covid-19 by the end of Tuesday, within its plan to vaccinate 70% of citizens by July.

The 10-year US Treasury bond yields rose to 1.576%, which lifts demand for the US dollar.

To the oil market, WTI crude July futures rose 0.2% or 14 cents, and closed at $66.21 a barrel, after hitting a high of $66.4 and a low of $65.2.

Brent July futures rose 0.3% or 22 cents, and closed at $68.87 a barrel, after hitting a high of $69.1 and a low of $68.02.

As for stocks, Dow Jones rose less than 0.1% or 10 points, and closed at 34,323, with a day high of 34,409, and a low of 34,271.

Nasdaq rose 0.6% or 81 points to 13,738, with a high of 13,750 and a low of 13,679.

S&P 500 rose 0.2% or 8 points to 4,196, after hitting a high of 4,202 and a low of 4,184.

Silver prices fell on Wednesday, as the US dollar rallied against most currencies and the US Treasury bond yields rose.

Efforts to contain the coronavirus are continuing by distributing more vaccines and imposing precautionary measures and lockdowns.

The White House stated that half of US adults will be fully vaccinated against covid-19 by the end of Tuesday, within its plan to vaccinate 70% of citizens by July.

The 10-year US Treasury bond yields rose to 1.576%, which lifts demand for the US dollar.

The dollar index rose against a basket of currencies by 0.5% to 90.09 points as of 20:23 GMT, after it hit a high of 90.1 points and a low of 89.5 points.

Silver July futures fell 0.6, and closed at $27.88 an ounce.