The US dollar and bond yields are rising, putting pressure on gold prices. The market is paying attention to the minutes of the Federal Reserve meeting

On Wednesday, the US dollar index closed at about 102.30, and the yield of US 10-year treasury bond bonds rose to about 5.324%, putting pressure on gold prices. The Middle East conflict, inflation risks, government debt, and the resilience of the US economy have driven up financing costs. Traders pay attention to the minutes of the Federal Open Market Committee meeting to assess the direction of Federal Reserve policy. The gold price is more than 25% lower than its historical high of nearly $5600 in January. (Source: Jin Shi)