Gold Seesaws Amid Fed Rate Hike and Soaring Treasury Yields

Gold prices rebounded to around $4,300 on Thursday after initially falling to a six-week low due to the Federal Reserve's first rate hike in over three years.

The Fed decision also pushed up the U.S. dollar to a seven-week high and saw the 10-year Treasury yield remain elevated near 5%.

According to some analysts, the next move in gold will depend on whether Treasury yields extend their rise or retreat after the initial Fed reaction.