BusinessPhoto: Mint MarketsGold Steady as Fed Rate-Hike Bets Ease, Oil Raises Yields
Gold prices remained steady near $4,170 an ounce as traders reduced bets on an imminent Federal Reserve rate hike following Fed Chair Kevin Warsh’s speech in Bangkok. The speech lowered the probability of a quarter-point rate increase from one-in-three to about 15%. Meanwhile, rising oil prices pushed Treasury yields higher, with Brent crude reaching $110 a barrel for the first time since May.
Mint Markets·


