Gold steadies as yields offset Mideast peace hopes
Spot gold remained unchanged at $4,480.29 per ounce as a firm dollar and elevated Treasury yields balanced hopes for a resolution to the U.S.-Iran conflict. Investors are closely monitoring potential progress in diplomatic talks while awaiting the Federal Reserve's latest policy meeting minutes.
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Gold held steady at $4,480.29 per ounce on Wednesday as high Treasury yields countered optimism over potential peace in the Middle East. U.S. officials signaled progress in talks with Iran, easing some inflation concerns. Markets are pricing a 40% probability of a Federal Reserve rate hike in December against cooling inflation fears.
