Gold Prices Slip as Dollar and Yields Rise
Gold prices fell on Monday as a stronger US dollar and elevated Treasury yields weighed on the market. Investors are awaiting the upcoming Federal Reserve policy decision and key inflation data.
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Gold fell 0.4% to $4,147.87 per ounce on Monday afternoon, pressured by a firm dollar and rising bond yields. The decline comes as investors brace for the FOMC policy decision scheduled for the following week. Higher yields continue to challenge the non-yielding metal as market participants weigh potential interest rate trajectories.
