Gold slides on rising dollar and bond yields
Gold falls to a near nine-month low as Federal Reserve chair’s remarks make yields rally
05 March 2021 - 08:00
Gold declined to a near nine-month low on Friday and was set for a third straight weekly decline, as the dollar and bond yields rose after Federal Reserve chair Jerome Powell's remarks that the rise in yields were not “disorderly.”
Spot gold eased 0.2% to $1,693.67/oz by 2.52am GMT, having earlier fallen to its lowest since June 8 at $1,686.40/oz. For the week so far, it is down 2.3%...
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