Gold Slips Below $4700 On Inflation Concerns

Gold prices slipped below $4,700 an ounce on Wednesday as a stronger dollar and rising Treasury yields dented bullion’s safe-haven appeal. Spot gold dipped 0.35 percent to $4,697 an ounce while U.S. gold futures were up half a percent at $4,707.75.The U.S. dollar held near a one-week high as investors assessed the path for interest rates under new leadership. U.S. Treasury yields fell slightly aft…