Gold Climbs More Than 1% as Dollar Weakens, Yields Fall
Gold was set to snap a three-session losing streak on Thursday as US Treasury yields fell. Expectations for a Federal Reserve rate hike this month remained subdued despite hotter-than-expected inflation data.
Gold rose more than 1% on Thursday and appeared poised to end a three-session losing streak. The advance came as the dollar weakened and US Treasury yields declined, while expectations for a Federal Reserve rate hike this month stayed subdued despite inflation data that was hotter than expected.