Gold creeps higher on weaker yields

WASHINGTON, Dec 13 (Reuters): Gold prices edged up on Wednesday, buoyed by weaker Treasury yields, but bullion was still near its lowest in over three weeks as the dollar inched higher ahead of the US Federal Reserve's interest rate decision and policy outlook.
Spot gold gained 0.1 per cent at $1,981.29 per ounce, as of 0941 GMT. US gold futures rose 0.2 per cent to $1,996.30.
The dollar index rose 0.1 per cent, making gold more expensive for other currency holders, but falling US 10-year Treasury yields lent some support to prices. USD/US/
"Gold is repricing with what's happening in the yields market, because investors have been extremely confident that the Federal Reserve is going to cut rates quickly in the first part of 2024, now market is a less sure about it," said Carlo Alberto De Casa, market analyst at Kinesis Money.