Firmer dollar and higher Treasury yields push gold down to near six-week low
Glory days of bullion are over, strategist says as it falls to lowest level since December 2
11 January 2021 - 07:41
Bengaluru — Gold prices touched a near six-week low on Monday, extending losses from the previous session, as a stronger dollar and higher US Treasury yields pressured the non-yielding bullion.
Spot gold fell as much as 1.7% to $1,816.53 per ounce, its lowest since December 2, and was down 0.7% at $1,835.96 by 4.59am. Prices fell as much as 4.4% on Friday...
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