Gold edged lower on Tuesday due to a stronger dollar and an uptick in bond yields, while investors looked to upcoming data on the U.S. labour market and inflation which could influence the Federal Reserve’s interest rate decision next month.
Spot gold was down 0.3% at $1,914.72 per ounce. U.S. gold futures eased 0.2% to $1,942.40.
The dollar rose 0.4% against its rivals, making gold more expensive for other currency holders, while benchmark 10-year Treasury yields ticked higher.
Source: CNBC
