a selection of gold jewellery displayed in the window of a store in the dubai gold souk in deira in the united arab emirates gold prices fell on wednesday as the us dollar and treasury yields rose after economic data bolstered expectations the federal reserve will continue on an aggressive ratehike path spot gold was down 03 at 169630 per ounce as of 0127 gmt us gold futures were down 03 at 170830 the dollar index was up 02 inching closer to the twodecade peak scaled in the previous session making gold more expensive for overseas buyers benchmark us treasury yields rose to their highest level since june 16 on expectations the fed will keep hiking interest rates to tame soaring prices higher yields raise the opportunity cost of holding nonyielding gold the us services industry picked up again in august for the second straight month amid stronger order growth and employment gold imports by india the worlds secondbiggest bullion consumer halved in august from yearago levels as volatile local prices and a weak rupee prompted consumers to postpone purchases a government source told reuters on tuesday holdings of spdr gold trust the worlds largest goldbacked exchangetraded fund fell 021 to 97105 tons on tuesday from 97308 tons on friday spot silver fell 07 to 1792 per ounce platinum was 07 lower at 84746 and palladium shed 1 to 198679