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Gold prices ease on uptick in U.S. Treasury yields
Gold prices were subdued on Monday, pressured by an uptick in U.S. bond yields and a robust dollar, as investors awaited speeches from Federal Reserve policymakers for clues on when the central bank could taper its pandemic-era economic support. Fundamentals Spot gold was down 0.1% at $1,747.99 per ounce by 1158 GMT. U.S. gold futures eased 0.2% to $1,748.90. Denting gold’s appeal by raising its opportunity cost, benchmark 10-year U.S. Treasury yields rose to their highest level in nearly three months. The dollar also strengthened, adding further pressure. “Gold seems to be in an extended period of doldrums and ... (full story)