Gold is under renewed pressure today, with prices slipping about 1.3% over the past 24 hours. Gold price is trading near $4,119 at the latest snapshot, which shows how quickly the mood has changed after gold repeatedly failed to hold above the $4,200 area. This is a relatively large daily move for gold, and the reason appears to be a combination of higher Treasury yields, a firmer U.S. dollar and reduced safe-haven demand as technology stocks recovered.