Optimism over Chinese data takes shine off gold
Metal erase early gains as the hope of a faster economic recovery gets a boost from better-than-expected Chinese industrial output data
15 March 2021 - 07:33
Bengaluru — Gold prices erased early gains on Monday as the hope of a faster economic recovery got a boost from better-than-expected Chinese industrial output data, while a surge in US treasury yields kept bullion under pressure.
Spot gold was steady at $1,726.54/oz by 4.01am GMT, after rising as much as 0.4% earlier in the session. US gold futures were up 0.3% to $1,724.70...
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