Gold dips as strong dollar and yields weigh
Gold prices eased slightly as a firmer US dollar and elevated Treasury yields weighed on the market. Losses were restrained by moderating expectations for a near-term Federal Reserve interest rate hike.
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Gold slipped 0.3% to $4,127.87 per ounce during Tuesday morning trading, pressured by a firmer United States dollar and elevated Treasury yields. The drop followed a session where 10- and 30-year Treasury yields reached 24-year highs. Losses remained contained as traders scaled back expectations for an immediate Federal Reserve rate hike.
