Gold edges up despite rising US yields
Gold prices ticked up as easing expectations of a Federal Reserve rate hike offset a firm dollar and elevated Treasury yields. Spot gold rose 0.3% to $4,152 per ounce.
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Xurve View
Gold rose 0.3% to $4,152.04 per ounce on Tuesday morning, offsetting a firm dollar and elevated yields. The move comes as softer interest-rate expectations cushioned non-yielding bullion from macroeconomic headwinds. Investors are weighing shifting Fed policy bets against rising sovereign debt pressures in Europe.
