Gold eased back on Wednesday as yields recovered with the focus returning to upcoming economic data, after briefly breaking above $2,000 spurred by fresh worries surrounding the U.S. banking turmoil.
after a report said the U.S. government was unwilling to intervene in the rescue process for the troubled lender.
Benchmark U.S. Treasury yields recovered from a near two-week low, raising the opportunity cost of holding zero-yield bullion. Markets had priced in about a 3-in-4 chance of the U.S. central bank raising rates by 25 basis points at its May 2-3 meeting.
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