Gold prices fell on Tuesday, pressured by rising U.S. Treasury yields and oil prices, as investors awaited the minutes from the U.S. Federal Reserve's July meeting for fresh clues on the direction of monetary policy.
Spot gold fell 0.5% to $4,391.14 an ounce by 04:23 GMT, while U.S. gold futures for December delivery declined 0.6% to $4,446.70.
The yield on benchmark 10-year US Treasury bonds has risen, increasing the opportunity cost of holding gold, which does not generate a yield.
The negotiation deadline expires today... and the US-Iranian dispute remains unresolved!
The 60-day deadline for settlement talks between the United States and Iran expires today.
Iranian Foreign Minister Abbas Araqchi stated that no decision has yet been made regarding resuming negotiations with the United States.
