08:56 AM EST, 01/03/2025 (MT Newswires) -- Gold edged lower early on Friday, even as the dollar fell off the highest in more than two years and treasury yields eased.

Gold for February delivery was last seen down US$2.10 to US$2,666.90 per ounce.

No major U.S. economic data has been released this week to offer direction for the price of the precious metal.

The drop comes even as the dollar retreated from the highest since October, 2022. The ICE dollar index was last seen down 0.43 points to 108.96.

Treasury yields weakened, with the yield on the U.S. two-year note last seen down 2.1 basis points to 4.241%, while the 10-year note was paying 4.545%, down 2.3 points.