The dollar also scaled a four-month high versus the euro
Yellen urged agency heads at the July 19 meeting to "act quickly" to ensure stablecoins face appropriate rules
Asian shares and US Treasury yields rose on Wednesday, clawing back some of the week's losses as investors reassessed economic worries
Spot gold was up 0.1% at $1,812.83 per ounce, as of 0243 GMT, after falling 1% in the previous session
Questions remain over US admin's ability to get Congress to ratify changes
Treasury yields extended their rise on Friday while the three major US stock indexes rallied to record closing highs, as markets relaxed a bit from fears of a slowing pace of economic recovery
Gold edged higher on Friday and was set for its third straight weekly gain, as concerns over the fast-spreading Delta variant and a drop in US Treasury yields lifted the safe-haven metal's demand
The fresh burst in pessimism continued a pattern set earlier in the week
Stock investors are watching the dramatic moves in the Treasury market for clues on the fate of one of this year's most successful plays - the so-called reflation trade
Spot gold rose 0.32 per cent to $1,801.55 per ounce by 9.10 pm IST, after hitting its highest since June 17 at $1,814.78 on Tuesday
Spot gold was up 0.1% at $1,797.84 per ounce, as of 0500 GMT, after hitting its highest since June 17 at $1,814.78 on Tuesday
A significant global bond market correction is likely in the next three months as central bankers eye the exit door from pandemic emergency policy, according to a Reuters poll of strategists
Gold prices gained on Monday, after posting a 6% drop last week, as a retreat in US Treasury yields bolstered the non-yielding metal's appeal
The US budget deficit soared to $2.1 trillion during the first eight months of fiscal year 2021, which ends on September 30, the Treasury Department reported
Janet Yellen held a virtual meeting with China's Vice Premier Liu He, discussing plans for economic recovery and "frankly" tackling issues of concern
Spot gold was up 0.1 per cent at $1,882.61 per ounce at 10:25 am EDT (7:55 pm IST), having last week reached its highest since Jan. 8 at $1,889.75. US gold futures gained 0.3 per cent to $1,881.50
The US Treasury Department said that it supports a global minimum corporate tax rate of at least 15% below the 21% minimum it has been seeking to impose on the foreign profits of US-based companies
Spot gold was flat at $1,869.50 per ounce by 0500 GMT, after hitting its highest since Jan. 8 at $1,889.75 on Wednesday
Other countries named by the Department of Treasury in its quarterly report to Congress, the first under the Biden administration, are Ireland, Malaysia, Singapore, Thailand and Mexico
The 10-year US Treasury yield has moved from 1.2 per cent to 1.7 per cent in just six weeks.