The strengthening US dollar and elevated US Treasury yields weigh on gold
Gold prices hover around $4,300 per ounce as market expectations grow that the Federal Reserve may raise rates further, putting pressure on bullion. New York COMEX gold was flat at $4,316.3, constrained by the stronger dollar and US Treasury yields rising to multi-year highs. Fed officials maintained a hawkish stance; Board member Barr said further tightening of policy may be needed.
Gold prices hover around $4,300 per ounce as market expectations grow that the Federal Reserve may raise rates further, putting pressure on bullion. New York COMEX gold was flat at $4,316.3, constrained by the stronger dollar and US Treasury yields rising to multi-year highs. Fed officials maintained a hawkish stance; Board member Barr said further tightening of policy may be needed.