Gold Rises And Faces Pressure

Gold prices rose, as a slight decline in US Treasury yields provided some support in the face of growing expectations of a faster-than-expected hike in US interest rates that also pushed the dollar to a multi-month peak.

And gold rose in immediate transactions 0.3 percent to $ 1739.34 an ounce, after hitting its lowest level in more than a month on Tuesday.

US gold futures rose 0.2% to $1,740.20.

The dollar index hovered near the more than ten-month peak it touched on Tuesday.

Although yields on the benchmark 10-year US Treasury fell slightly, they remained above 1.5 percent, a level last seen in June.