Gold slips 0.16% as Treasury yields, dollar firm on Fed tightening bets

Gold futures for September delivery fell 0.16% to $4,338.90/oz, pressured by rising Treasury yields and a firmer dollar. Fed officials' hawkish comments reinforce expectations of a prolonged tightening cycle, with high oil prices keeping inflation risks tilted upward. The decline is modest, reflecting ongoing uncertainty about the Fed's policy path.