Gold futures made modest moves in Wednesday dealings, with a further retreat in Treasury yields helping prices hold near their highest level since early June, but a turn higher this week for the U.S. dollar limiting any gains for the precious metal.
Price action
Market drivers
The U.S. dollar strengthened Wednesday, weighing on dollar-denominated gold prices. The ICE U.S. Dollar Index DXY, a gauge of the dollar’s value against major currencies, rose 0.2% to 100.177, with the index trading around 0.3% higher…
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