Gold falters as treasury yields and dollar rise
Spot gold remains steady while gold prices are on course for a first weekly decline
26 March 2021 - 07:18
Bengaluru — Gold prices were on course for a first weekly decline in three as elevated Treasury yields and a firm US dollar dented safe-haven bullion’s appeal even as the metal steadied on the day.
Spot gold was flat at $1,726.96/oz at 1.26am GMT on Friday. US gold futures were steady at $1,725.50/oz. The metal hit a one-week low of $1,721.46/oz in the previous session. For the week, the metal has lost more than 1% as the dollar climbed against a basket of major currencies, leaping over a four-month high on Thursday...
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