Bullion up following momentary gringo dollar slump

04.08.2022

Gold prices rose on Wednesday as a pullback in the dollar and Sino-U.S. tensions helped counter pressure from a rise in U.S. Treasury yields after hawkish comments from Federal Reserve officials on interest rate hikes.

Spot gold was up 0.4% at $1,766.59 per ounce, as of 0309 GMT.

On Tuesday, bullion rose...