Gold Falls as Dollar Strengthens and Bond Yields Surge; Investors Anticipate Prolonged High Interest Rates
Gold futures faced downward pressure on Tuesday (Oct. 3), with the market adversely impacted by the strengthening U.S. dollar and a surge in U.S. bond yields, fueled by the latest labor data that has led investors to anticipate a prolonged period of high interest rates by the Federal Reserve (Fed). In the commodities market, gold …