Gold Up 0.2%, Silver Down 0.5% as U.S. Yields Retreat

Spot gold was up 0.2% at $4,342.33 per ounce by 0030 GMT, while U.S. gold futures edged down 0.6% to $4,396.30 as U.S. yields retreated from highs amid a global bond selloff and rising oil prices due to tensions with Iran. Despite gold's inflation-hedge reputation, higher interest rates could weigh on its price by strengthening the dollar. The Fed will release minutes at 1800 GMT, with traders pricing in a 65% chance of unchanged rates and a 35% chance of a hike in September. Silver fell 0.5%, platinum rose 0.3%, and palladium dropped 0.3%.