Gold rises, dollar falls following Fed minutes

Gold prices increased on Thursday, as the dollar and Treasury yields declined slightly. This comes after U.S. Federal Reserve minutes noted that policymakers may be less aggressive on future rate hikes.

Spot gold rose 0.3 percent at $1,765.89 per ounce, as of 0055 GMT, after falling to a two-week low of $1,753.97 in the previous session.

U.S. gold futures was up 0.2 percent to $1,780 per ounce.

The dollar decreased 0.1 percent in opposition to its rivals. That makes gold less expensive for buyers holding other currencies.

Benchmark U.S. 10-year Treasury yields slipped to 2.8822 percent after hitting a near one-month high of 2.9190 percent in the previous session. Lower yields ease the opportunity cost of holding non interest bearing gold.