Gold inches higher on lower Treasury yields; Fed policy decision awaited
Spot gold was up 0.1% at $3,328.65 per ounce as of 0422 GMT. U.S. gold futures rose 0.1% to $3,326.10.
"There could be a chance that the Fed may start to tilt towards the dovish side of the pendulum, and that is being portrayed on the Treasury yields," OANDA senior market analyst Kelvin Wong said, adding that dollar strength has also eased for now.
The U.S. dollar index retreated from a more than one-month high, while benchmark 10-year Treasury yields hovered near a one-month low on Wednesday.
The Fed is widely expected to keep rates steady, despite U.S. President Donald Trump's constant call to lower them. Markets continue to price in a potential rate cut in September.
Spot silver held steady at $38.21 per ounce, platinum lost 0.6% at $1,386.73 and palladium rose 0.5% to $1,265.07. Reuters
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