Gold rises to $4,174.54 as Fed pause bets curb immediate rate hike expectations

Spot gold climbed 0.2% to $4,174.54 per ounce, while U.S. gold futures reached $4,195.70, supported by receding expectations of immediate Federal Reserve tightening and ongoing geopolitical tensions. Market bets on an October rate increase fell to a 16% probability following remarks by Fed Chair Kevin Warsh, though the CME FedWatch Tool still projects a 92% likelihood of a hike in December. Bullion's advance was further bolstered by falling Treasury yields, with the 10-year yield declining 12.7 basis points to 5.06% and the 2-year yield dropping to 4.74%.