Gold slides as dollar rally continues
Spot gold falls with metal on track for its biggest quarterly drop in more than four years
31 March 2021 - 07:48
Bengaluru — Gold prices fell on Wednesday to their lowest in more than three weeks as elevated US Treasury yields and a rising dollar kept the metal on track for its biggest quarterly drop in more than four years.
Spot gold was down 0.3% to $1,679.41/oz at 4.38am GMT, after hitting its lowest since March 8 at $1,677.61/oz. It has declined more than 3% so far this month and 11.4% during the quarter. US gold futures were down 0.4% to $1,679.10/oz on Wednesday...
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