Gold Slips From Four-Month High as Treasury Yields Rebound
- Bullion has been rebounding from an early-year slump
- Fed officials have damped speculation around tightening policy
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Gold slipped from the highest in more than four months as bond yields rebounded, hurting demand for the non-interest-bearing metal.
The yield on 10-year Treasuries advanced two basis points, while the dollar rose as well. A stronger greenback makes commodities including gold less appealing for investors holding other currencies.