Metals Stocks: Gold prices slip as dollar strengthens, yields rise

Gold futures fell Thursday as expectations the Federal Reserve will quicken the pace of raising borrowing costs lifted Treasury yields as well as the U.S. dollar, pressuring the dollar-denominated metals price.

April gold GCJ8, -0.45% fell $5.80, or 0.4%, to $1,326.20 an ounce, and March silver SIH8, -0.79% lost 14 cents, or 0.8%, to $16.48 an ounce.

Gold had settled higher Wednesday after minutes from the Federal Reserve’s meeting in January suggested central bankers expect inflation to tick higher but that they remain sanguine about the world’s largest economy.

However, the Fed minutes also showed officials see an “increased likelihood” of further interest rate increases, heightening prospects of a rate rise in March as they foresee the economy getting stronger than it was at the end of 2017.

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