Firmer US bond yields push gold price lower
But precious metal gets support as Democrats’ Senate win raises hopes of more stimulus
07 January 2021 - 07:47
Bengaluru — Gold prices edged lower on Thursday as firmer treasury yields eclipsed support from a Democrat sweep in Georgia Senate run-offs that boosted hopes for more stimulus.
Spot gold eased 0.1% to $1,916.77/oz by 0250 GMT, after declining more than 1.5% in the previous session. US gold futures climbed 0.5% to $1,918.40...
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