Gold dips below $1,800 as dollar, yields firm on rate hike bets
Gold eased below $1,800 on Tuesday as the dollar hit 16-month highs and Treasury yields firmed, with expectations that U.S. interest rates will rise next year shored up by the renomination of Federal Reserve Chairman Jerome Powell.
Spot gold was down 0.4% at $1,797.16 per ounce by 1022 GMT, while U.S. gold futures eased 0.5% to $1,797.70. Source: Reuters