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Gold prices slip as dollar firms on Fed rate-cut pause
Gold retreats slightly as dollar and yields rise, though it remains on track for its third monthly advance.
Gold prices fell 0.3% amid a firm U.S. dollar and rising Treasury yields after the Federal Reserve signalled that further rate cuts may not be guaranteed. Spot gold traded near $4,011.60 per ounce, though bullion is still on track for a third straight monthly gain. The dollar’s strength increased the cost of gold for other currency holders, and with yield-bearing assets more attractive, gold’s immediate upside appears limited unless global inflation or policy surprise emerges.