Gold prices inch lower as US dollar, yields rebound
Gold prices decreased on Wednesday, influenced by a stronger U.S. dollar and rising Treasury yields, while the likelihood of a September rate cut by the Federal Reserve cushioned the fall. Spot gold fell 0.2% to $2,385.23 per ounce, and U.S. gold futures declined 0.3% to $2,425.50. The dollar's gains made gold costlier for other currency users.
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