Gold Hovers Near $1800 an Ounce

Gold fell in Tuesday morning trading in Asia. While the dollar, which usually moves in reverse with gold, rose 0.07% on Tuesday, recovering from a one-month low hit during the previous session.

Gold futures were also down 0.07% at $1,805.55 by 11:15 PM ET as investors await this week’s key central bank meetings. A strong dollar makes gold more expensive for buyers who hold other currencies.

Also, the benchmark 10-year US Treasury yield rose slightly at 1.6431%, raising the opportunity cost of non-interest-bearing gold.