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Gold Slips as Higher Yields Offset Easing Fed Bets

Gold Slips as Higher Yields Offset Easing Fed Bets

Spot gold eased to around $4,391 after failing to sustain gains near $4,450, as higher Treasury yields offset reduced expectations for Fed tightening. Oil above $91 also revived inflation concerns amid renewed Middle East tensions. For traders, the July FOMC minutes are key: dovish signals could support gold, while rising yields may keep pressure on XAU/USD.