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The Economic Times
The Economic Times
Business

Gold slides to two-month low as robust dollar, yields add pressure

Gold United States US Federal Reserve Peter Grant US Dollar China silver

Gold declined to a two-month low on Wednesday, pressured by a strong US dollar and Treasury yields, while investors awaited the minutes of the Federal Reserve's September meeting to gauge the implications for the central bank's next policy steps.

Spot gold fell 1.6% to $4,096.13 per ounce by 9:20 a.m. EDT (1320 GMT), touching its lowest level since August 5. US gold futures for December delivery declined 1.6% to $4,121.70.

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