Gold Futures Edge Up as U.S. Dollar Slips
Gold futures settled modestly higher as the U.S. dollar weakened for a second session. Gains were limited by a slight uptick in U.S. yields, while most participants expect the Fed to hold rates steady this month, says DHF Capital's Bas Kooijman.
Gold futures ended modestly higher as the U.S. dollar weakened for a second consecutive session. A slight rise in U.S. yields capped the advance.
Most market participants continue to expect the Fed to leave rates unchanged this month, a development that could offer some support to gold, DHF Capital's Bas Kooijman says in a truncated comment.