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Gold (XAU/USD) price edges higher on Thursday, underpinned by lower US Treasury yields and a weaker US Dollar, even as Federal Reserve (Fed) officials support further tightening by the US central bank. At the time of writing, XAU/USD trades at $4,130, up 0.48%, after bottoming near $4,103.
Investing.com-- Gold prices rose for second straight session and hit a one-week high on Friday, as falling oil prices boosted bullion’s appeal, while investors assessed the Federal Reserve’s interest rate outlook.
Spot gold has been under tremendous selling pressure due to surging real yields and strong US Dollar.