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Gold falls 0.3% to $4,267.51 as oil, U.S. data bolster Fed outlook

  • Gold fell in early Asian trade as pressure persisted.
  • 0.3%: Spot gold traded at $4,267.51 an ounce.
  • ANZ Research analysts cited oil, U.S. data, Treasury yields and dollar strength.

Spot gold fell 0.3% to $4,267.51 an ounce in early Asian trade. Higher oil prices and resilient U.S. activity data are reinforcing expectations that the Federal Reserve (U.S. central bank) may keep monetary policy tighter for longer, while a renewed rally in Treasury yields and a stronger dollar are weighing on market sentiment, ANZ Research analysts said in a note.

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Gold falls 0.3% to $4,267.51 as oil, U.S. data bolster Fed outlook - CoinPost Terminal