[Gold Prices Edge Lower in Early Asian Trading as U.S. Treasury Yields Tick Higher] According to a report by Jinse Finance, on May 21, during early trading in the Asian market, gold prices edged lower as U.S. Treasury yields ticked higher, which typically diminishes the appeal of this non-yielding asset. Sherilyn Chew from DBS Group Research commented: 'Gold's performance is expected to largely depend on yield movements, and without a significant rate cut, this could limit substantial near-term upside potential.' The multi-asset strategist added: 'ETF holdings and speculative positions remain relatively light, with most investors adopting a wait-and-see approach amid skepticism about near-term upside potential.' Spot gold fell 0.1% to $4,538.27 per ounce.