Dollar, Treasury yields rise, weighing on gold
The dollar index hovered around 102.30 and the U.S. 10-year yield rose to about 5.324%, near multi-year highs, as traders awaited FOMC minutes for clues on Fed tightening.
S. Treasury yields rose on Wednesday, pressuring gold lower. 30, close to its highest level since April 2025. S.
349%, which was the highest since 2002. Traders are watching FOMC minutes for fresh clues on further Fed tightening. S. economic resilience have pushed financing costs higher.
Since the late-February onset of the Middle East conflict, markets' hawkish Fed expectations have weighed on gold; spot bullion is more than 25% below January's near-$5,600 record high, though long-term demand still provides underlying support.