Gold dips after strong US data
Gold set to post worst week in a month after elevated Treasury yields and US economic data
30 April 2021 - 08:19
Bengaluru — Gold prices fell on Friday, on track to post their worst week in a month, as strong US economic data and elevated Treasury yields weighed, while palladium came off a record high scaled a day earlier.
Spot gold slipped 0.3% to $1,765.15/oz ounce at 3.46am GMT, down nearly 0.6% so far in the week. US gold futures were down 0.1% to $1,765.60/oz. Despite the decline, bullion was poised for its first monthly gain of this year, having jumped to a two-month high of $1,797.67/oz on April 22...
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