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Gold fell from its highest level in a week today, Thursday, as the dollar narrowed its losses and US Treasury yields rose after better-than-expected data for state unemployment benefits -United..
As of 4:22 p.m. GMT, the spot price of gold was down 0.2% to $ 1,723.40 an ounce, after peaking since March 3 at $ 1,739.63.
And US gold futures fell 0.1% to $ 1,720.40 an ounce.
Tai Wong, a trader at BMO investment bank in New York, said, “10-year Treasury yields have risen again, which brings stability to the dollar and collects gold.”. “
Silver fell 0.6% to $ 26 an ounce.
Palladium rose 2.7% to $ 2,368.41, while platinum rose 0.1% to $ 1,204.15 an ounce.
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