Gold traded in a narrow band below $4,100 as market-implied odds of a Fed rate hike rose ahead of this week's meeting, even as most signs point to Chair Kevin Warsh holding rates steady.
The dollar hit fresh highs on hawkish rate expectations while mortgage rates eased slightly on a pause in Iran-related fighting.
The dollar stayed elevated on rate expectations even as the Supreme Court's record-low approval rating underscored legal pressure tied to the administration's Fed-related actions.
Rising yields signal growing unease over the Fed's inflation fight even as new monetary-policy task forces take shape and consumer borrowing costs stay elevated.