Gold Falls as Dollar and Yields Rise
Gold prices retreated as a firmer U.S. dollar and rising bond yields pressured the precious metal. Investors awaited key U.S. inflation data for guidance on future interest rates.
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Gold fell 0.4% to $4,385.40 per ounce on Thursday morning as the United States dollar and bond yields rose. The drop erased earlier gains as investors awaited inflation data for clues on monetary policy. U.S. gold futures also dropped 0.7% to $4,427.80.
