Gold steadies as cooler US inflation data counters higher Treasury yields
Gold prices stabilized on Thursday as a softer-than-expected US inflation report reduced expectations of a Federal Reserve rate hike in October. However, rising Treasury yields and a stronger dollar capped further gains for the precious metal.
60 per ounce, after a softer-than-expected US inflation report eased expectations of a Federal Reserve rate hike in October. Rising Treasury yields and a firmer dollar capped additional gains.