The price of gold has barely changed at all in a certain period of time because many investors are waiting for US inflation data to look for clues about whether the Federal Reserve plans to raise interest rates at its meeting next week. Higher Treasury yields and rising tensions in the Middle East remain near-term headwinds, although a slightly weaker dollar and long-term demand for bullion continue to provide support. At 08:43 WIB, XAU/USD fell 0.1% to $4,398.53 per ounce, while Gold Futures weakened 0.4% to $4,442.00. XAG/USD was nearly unchanged at $67.28 an ounce, while XPT/USD fell 0.6% to $1,888.23. US Dollar Index barely changed at 98.81. At 08.43 WIB, XAU/USD fell slightly to 0.1% or around $ 4,398.53/ounce, while Gold Futures weakened slightly at 0.4% to $ 4,442.00. US Dollar Index barely changed at 98.81. Treasury yields and Middle East tensions pressure gold Gold has traded in a relatively narrow range around $4,400 in recent weeks after rebounding from a bottom around $4,000 in July. Investors continue to consider the long-term appeal of the metal as a portfolio hedge against short-term pressure from higher bond yields and worsening tensions in the Middle East. The yield on the 10-year US Treasury rose after the government's latest plan to buy up to $6 billion of long-dated debt failed to impact the bond market. Higher yields can put pressure on gold because gold bullion doesn't pay interest. Oil prices also remain a concern. Brent crude topped $100 a barrel for the first time since July.

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