Gold Rises as U.S. Treasury Yields Ease, Fed Minutes Awaited
· Business · Economic Times, Reuters, Investing.com
Spot gold edged higher 0.2% to $4,342.33 per ounce at 0030 GMT, rebounding from a nearly 2% drop on Tuesday. U.S. gold futures for December settled 0.6% lower at $4,396.30. The rise follows a decline in U.S. Treasury yields from recent highs amid a global bond selloff that saw long‑term borrowing costs touch multi‑decade peaks. Market participants are focusing on the Federal Reserve’s meeting minutes, due at 1800 GMT, for hints on future policy moves. Concurrently, oil prices remain pressured by tensions in the Strait of Hormuz, adding to concerns that higher rates could reinforce the dollar.
Why it matters
Indian investors watching gold for inflation protection will see its price influenced by U.S. Treasury yields and Fed policy, affecting retail gold sales and jewelry demand in India.
Read the original report — Economic Times
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