Gold rose slightly during the Asian trading session, and investors await the Federal Reserve's interest rate decision in December. Spot gold rose 0.05% to $4,192.47 an ounce. Financial analysts in Sucden said in a report that rising US Treasury yields may be limiting the price of precious metals. They added: “The current Fed meeting is the dominant factor, and we expect metals prices to remain range-bound until Federal Reserve Chairman Powell provides more clear guidance on the pace of easing after December.”

Gold rose slightly during the Asian trading session, and investors await the Federal Reserve's interest rate decision in December. Spot gold rose 0.05% to $4,192.47 an ounce. Financial analysts in Sucden said in a report that rising US Treasury yields may be limiting the price of precious metals. They added: “The current Fed meeting is the dominant factor, and we expect metals prices to remain range-bound until Federal Reserve Chairman Powell provides more clear guidance on the pace of easing after December.”