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Gold jumps 1.5% as inflation concerns lift demand

From reuters.com

Gold rose more than 1.5% to a near one-week high on Monday, despite a jump in U.S. Treasury yields, as expectations for rising inflation triggered equity valuation concerns and drove investors towards the safe-haven metal. Spot gold was up 1.6% at $1,810.45 an ounce by 11:39 a.m. EST (1639 GMT), after hitting its highest since Feb. 16 in the session. U.S. gold futures gained 1.8%, at $1,810. "We are seeing investment flows into gold as market participants grow more anxious about rising real rates that can impact equity valuations," said TD Securities commodity strategist Daniel Ghali, pointing to rising Treasury ... (full story)

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