Gold rises as dollar and Treasury yields slip
Gold prices rose as the US dollar eased and Treasury yields pulled back from recent highs. Investors now await upcoming Federal Reserve meeting minutes for monetary policy clues.
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Gold climbed 0.7% to $4,168.33 per ounce during Tuesday afternoon trading as the United States Treasury yields rally paused and the dollar eased. The precious metal gained alongside safe-haven demand sparked by sovereign debt concerns in France. This movement relieves pressure on bullion after benchmark yields reached two-decade highs earlier in the week.
