Gold futures rebound as dollar and yields ease

Gold futures rebounded on Tuesday, ending a two-day losing streak, as U.S. Treasury yields eased and the dollar retreated from an 18-month high. The shift in market dynamics provided some relief for gold, which has faced pressure from rising yields and a stronger dollar in recent sessions.

The reversal came as investors awaited the release of the minutes from the Federal Reserve's September meeting, hoping for further insights into the central bank's policy outlook. Gold often moves inversely to the dollar and yields, making these factors key drivers of its price action.

The SPDR Gold Shares ETF (GLD) and other gold-related assets, including GDX, IAU, and NUGT, were among the instruments affected by these market movements. The pullback in the dollar and yields offered a brief respite for gold, though traders remained cautious ahead of additional Fed guidance.

Analysts noted that the minutes could provide further clarity on the Fed's stance, potentially influencing gold's trajectory in the near term. For now, the precious metal has found some support as broader market conditions stabilized.