Surging US Treasury yields and firmer dollar weigh on gold
Stronger-than-expected economic data suggests that inflation will rise faster than forecast, analyst says
12 April 2021 - 07:00
Bengaluru — Gold prices fell on Monday, weighed down by surging US Treasury yields and a firmer dollar after better-than-expected US economic data lifted prospects for higher inflation.
Spot gold fell 0.3% to $1,738.12 per ounce by 5.50am. US gold futures were down 0.4% to $1,737.70 per ounce...
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