Commodities
Gold slips as dollar, Treasury yields offset fading Fed hike bets
Gold is falling as a stronger dollar and rising US Treasury yields offset reduced expectations for a Fed rate hike ahead of the minutes release.
Fading expectations for Fed tightening usually support gold, but a stronger dollar and rising Treasury yields neutralized that effect this time.
For beginners Gold pays no interest, so rising bond yields make it less attractive compared with interest-bearing assets, and a stronger dollar makes gold pricier for buyers holding other currencies.