Gold prices dropped 2.3% to $4,066 per ounce, a two-month low, pressured by a stronger US dollar and Treasury yields at multi-decade highs. The 10-year yield hit 5.35%, its highest since 2002. Investors await FOMC minutes for Fed policy signals, with markets pricing an 84% chance of a December rate hike.
Gold Falls 2.3% to Two-Month Low on Rising Yields, Dollar
Source: Mint