Gold subdued as dollar and Treasury climb
Gold on track for fourth straight weekly gain as investors await US inflation data
28 May 2021 - 07:47
Bengaluru — Gold prices edged lower on Friday, as an uptick in the dollar and US Treasury yields weighed on the safe-haven metal, while investors awaited crucial US inflation data due later in the day to gauge inflationary pressure.
Spot gold was down 0.2% at $1,893.07/oz by 3.08am GMT. Bullion has risen 0.7% so far this week, and was on track for its fourth straight weekly gain...
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