Gold Rises More Than 1% as Dollar and Treasury Yields Weaken
Gold climbed more than 1% Thursday, supported by a weaker dollar and lower U.S. Treasury yields. Expectations of a Federal Reserve rate hike this month remained subdued despite hotter-than-expected inflation data.
Gold advanced more than 1% on Thursday and appeared poised to end a three-session losing streak. The metal was supported by a weaker dollar and lower US Treasury yields, while expectations for a Federal Reserve rate hike this month remained subdued despite hotter-than-expected inflation data.