Gold holds onto gains as yields decline and bets on a US rate hike recede. Gold is trading near $4,180 an ounce, but is on track for a weekly loss of about 2%. This comes amid a drop in the probability of a US interest rate hike in October to 27%, from about 70% earlier in the week, coinciding with a decline in the 10-year Treasury yield from its 24-year high, which has boosted gold's appeal as a safe haven.
