Gold Prices Firm Following Retreat in Dollar, Yields After Fed Ruling

Gold prices edged higher as the U.S. dollar and Treasury yields fell, fueling investor optimism that the Federal Reserve might pause interest rate hikes. Spot gold rose 0.3% and U.S. gold futures were up 0.5%, benefiting from a weaker dollar and lower bond yields that increase the metal’s allure. With the Fed’s decision to maintain rates and traders betting on a continued pause, gold remains attractive in the face of economic and geopolitical uncertainty.