Bullion falls to $4,467.59 as higher Treasury yields reduce demand for non-yielding assets
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Gold prices edged lower as a stronger U.S. dollar and rising Treasury yields pressured demand for bullion. Spot gold slipped 0.3% to $4,467.59 per ounce, while U.S. futures also declined.
Analysts said higher yields increased the opportunity cost of holding non-yielding gold, while expectations of prolonged higher interest rates supported the dollar. Investors are now awaiting Federal Reserve meeting minutes for further policy cues.
