Gold falls amid rising dollar and yields
Gold prices declined today due to the rise in the dollar and U.S. Treasury bond yields, with the ounce falling to $4,128.69 and U.S. futures contracts dropping to $4,156. Expectations of the Federal Reserve possibly not raising interest rates this month contributed to the decline. yields on 10- and 30-year bonds reached their highest levels in 24 years, adding pressure on the yellow metal, while prices of other precious metals such as silver, platinum, and palladium fluctuated.
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