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Gold Up, Dollar Continues to Strengthen Ahead of U.S. Inflation Data

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Benchmark U.S. 10-year Treasury yields rose, denting the demand for non-yielding gold.

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Gold Up, Dollar Continues to Strengthen

Gold was up on Tuesday morning in Asia, but moves were small as the U.S. dollar continued to strengthen to its highest level in 20 years.
Gold futures inched up 0.04% to $1,732.45 by 11:37 PM ET (3:37 AM GMT). Gold prices dropped to their lowest level since Sept. 30 of $1,730.42 per ounce during the previous session.

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