Gold futures fell for a second straight session on Tuesday, settling at their lowest over four weeks. The U.S. dollar continues to “catch a big tailwind from rising U.S. interest rates, with the 10-year Treasury yield soaring toward 3.45%” ahead of Wednesday’s Federal Reserve decision on rates, said Colin Cieszynski, chief market strategist at SIA Wealth Management. Gold may remain active through the Fed meeting and a retest of $1,785, where the precious metal bottomed out in May, “remains a possibility, with next potential support if that fails closer to $1,760,” he said. August gold GCQ22,
Source: Marketwatch
