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Tuesday 12 April 2022

Gold slips as Treasury yields, dollar climb ahead of inflation data

Gold prices fell on Tuesday as Treasury yields and the dollar gained ahead of U.S. inflation data, a reading that could help investors get more clues about the Federal Reserve's monetary policy stance. Spot gold was down 0.2% at $1,950.52 per ounce by 0100 GMT, after hitting a near one-month peak of $1,968.91 on Monday. U.S. gold futures were up 0.3% at $1,954.00.

from Commodities-Markets-Economic Times
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