Gold rallies above $4,480 as US Treasury buyback pushes yields lower
Gold climbed sharply on Wednesday, breaching $4,480 as US Treasury buybacks pushed yields lower, even as Fed minutes revealed three officials dissented in favour of a rate hike.
Gold Market
Gold climbed sharply on Wednesday, breaching $4,480 as US Treasury buybacks pushed yields lower, even as Fed minutes revealed three officials dissented in favour of a rate hike.
Gold rose nearly 1% on Wednesday, helped by a softer US dollar and a pullback in long-term Treasury yields. Investors await the release of the Federal Reserve's July meeting minutes.