Gold shows a slight increase in Asia's morning trade, reversing the previous night's declines in what could be seen as a potential technical rebound. The focal point is the surge in Treasury yields and a stronger dollar, which follows a U.S. credit downgrade from Fitch and better-than-anticipated jobs data. Daniel Dubrovsky, a contributing senior strategist at Daily FX, notes that gold often functions as an anti-fiat instrument, exhibiting an inverse correlation to a blend of the US Dollar and Treasury yields. He points out that the outlook for the precious metal appears bearish due to an intriguing shift among retail traders who have grown more bullish, a trend highlighted by the contrarian IG Client Sentiment gauge. This, he adds, serves as a cautionary signal indicating the potential for upcoming losses. Spot gold experiences a 0.2% increase, reaching $1,937.62 per ounce.