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Gold eases on firmer US dollar, yields ahead of central bank meetings
Gold prices eased on Wednesday, retreating from the key $1,800 mark, as a stronger U.S. dollar and elevated bond yields dented bullion's safe-haven appeal ahead of key central bank meetings. FUNDAMENTALS * Spot gold was down 0.2% at $1,788.66 per ounce, as of 0157 GMT. U.S. gold futures dropped 0.2% to $1,790.60. * The precious metal rallied to an over one-month peak late last week, but has retreated 1.2% from those levels. * Benchmark 10-year U.S. Treasury yields rose, increasing non-interest bearing gold's opportunity cost. * The dollar also steadied close to a one-week high hit in the previous session, making gold ... (full story)