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Gold hits one-week low as higher U.S. yields weigh

Reuters  |  LONDON 

By Maytaal AngelLONDON (Reuters) - Gold hit a one-week low on Tuesday after U.S. Treasury yields touched fresh highs as investors priced in a rate hike next month, but the precious metal's losses were limited by rising uncertainty over the U.S. growth outlook.Yields on two-year U.S. treasuries touched fresh nine-year highs on Monday, supporting the dollar and reducing the appeal of non-yielding bullion.However, rising nearby yields flattened the yield curve, in part reflecting market wagers that rising rates this year and next will eventually slow the economy.These fears, coupled with ...

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First Published: Tue, November 14 2017. 20:45 IST