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, Reuters said. The 10- and 30-year Treasury yields hit 24-year highs on Monday as persistent bond market weakness weighed on sentiment.
