Gold prices rose on Thursday, as the U.S. dollar and Treasury yields fell on mounting expectations of slower monetary policy tightening by the Federal Reserve later in the year.
FUNDAMENTALS
* Spot gold rose 0.3% to $1,669.16 per ounce by 0116 GMT, after hitting a two-week high on Wednesday.
* U.S. gold futures were up 0.3% at $1,673.30.
* The dollar index was little changed after hitting its lowest level since Sept. 20 earlier. A weaker dollar makes greenback-priced gold less expensive for overseas buyers.
* Benchmark U.S. 10-year Treasury yields slid further away from multi-year peak touched last week.
* Report from Commerce Department on Wednesday showed sales of new U.S. single-family homes dropped in September and data for the prior month was revised lower, supporting the view that Fed rate increases are already working.
* The U.S. central bank is widely expected to announce a fourth straight 75 basis-point interest rate increase at…
