London — Gold dipped on Tuesday, heading for a third consecutive day of losses as a rise in US borrowing costs supported the dollar and overshadowed the impact of strife in Gaza. Israeli troops shot dead dozens of Palestinian protesters on the Gaza border on Monday when the high-profile opening of the US embassy to Israel in Jerusalem by the Trump administration raised tension to boiling point. But gold investors were fixated on the dollar, which rose against a currency basket as 10-year US bond yields shot above 3%, sending borrowing costs higher in a number of other countries. "The market is getting increasingly disappointed about [gold’s] inability to react to those [geopolitical] drivers," said Ole Hansen, head of commodity strategy at Saxo Bank. "We’re up against bond yields, the dollar and the fact that rising oil prices have, at this stage, accelerated expectations for rate hikes in the US, due to the risk of inflation." Spot gold had dipped 0.2% to $1,309.99 an ounce by 9.49...
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