Bullion sticks to downside on persistent dollar frenzy


Gold prices pared gains on Tuesday due to an uptick in the U.S. dollar and bond yields, although investors remained wary of more hefty interest rate hikes from the Federal Reserve.

Spot gold was up 0.1% at $1,651.60 per ounce by 1104 GMT, while U.S. gold futures fell 0.4% to $1,657.70.