Gold struggles as rising US Treasury yields outweigh dovish Fed repricing

Gold (XAU/USD) treads water on Thursday as a stronger US Dollar (USD) and soaring US Treasury yields limit the upside. At the time of writing, XAU/USD trades around $4,170, up 0.30% on the day, as the precious metal struggles to build on its early recovery.
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US Dollar: Resilient growth supports upside risks – BBH

Brown Brothers Harriman’s Elias Haddad highlights a resilient US economy underpinning Dollar strength, with the DXY at new cyclical highs. Upward revisions to US Q2 GDP and strong Q3 estimates from the Atlanta Fed GDPNow model support the constructive outlook.
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