Gold Edges Higher as Dollar Weakness Continues Amid Fed Minutes Anticipation

Gold prices rose in early Asian trading on Wednesday, supported by a pullback in U.S. Treasury yields amid cautious market sentiment.

The spot price of gold increased 0.2% to $4,342.33 per ounce, while futures contracts for December delivery slipped 0.6% to $4,396.30.

The divergent performance between the spot and futures markets comes ahead of the release of the Federal Open Market Committee minutes, which are expected to provide clearer signals on U.S. monetary policy.

U.S. Treasury yields retreated from elevated levels, reversing a global bond selloff that pushed long-term borrowing costs in major economies toward their highest levels in decades.