Skip to content

Gold Slips with Rising Yields as Traders Weigh Data, Fed Hiking

  • US housing cools further with fewer starts, canceled deals
  • Factory output in US increases for first time in three months
Updated on

Gold slipped with rising Treasury yields as traders weighed mixed US economic data and the Federal Reserve’s interest-rate hiking path. 

Data Tuesday showed a bigger-than-expected drop in US home construction, while production at US factories increased in July for the first time in three months.