Gold rebounds as dollar and yields retreat
Gold prices bounced from a near one-month low as the U.S. dollar and Treasury yields retreated from recent highs. Investors now await upcoming U.S. payrolls data for further clues on the Federal Reserve policy path.
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Gold rose 1.1% to $4,376.41 an ounce during Wednesday afternoon trading in the United States, rebounding from a one-month low. The bounce followed a pullback in the dollar and Treasury yields from recent peaks. Investors are now awaiting key payroll figures for direction on monetary policy.
