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Gold inches lower as firmer dollar, higher yields weigh
Gold eased on Tuesday, pressured by a firmer US dollar and rising Treasury yields, though losses were limited by easing expectations of a Federal Reserve interest rate hike this month. Spot gold slipped 0.3% to $4,128.69 per ounce by 0155 GMT. US gold futures were little changed at $4,156.00. The dollar held firm, making greenback-denominated commodities more expensive for holders of other currencies. The 10- and 30-year Treasury yields hit 24-year highs on Monday as persistent bond market weakness weighed on sentiment. “Fundamentals remain supportive of gold in the long term. The next b...
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