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Gold steadies after three-day slide as dollar stabilises

Updated : April 24, 2018 03:24 PM IST

Gold has slid nearly 2% in the last three trading sessions as a rally in US yields towards the 3% mark pushed the dollar index to its highest since mid-January, making the metal more attractive to price-sensitive buyers.
It also suffers from rising yields in its own right, as these lift the opportunity cost of holding non-interest bearing assets like bullion.
Spot gold was up 0.2% at $1,326.91 an ounce at 0930 GMT, while US gold futures for June delivery were up $4.80 an ounce at $1,328.80.
Gold steadies after three-day slide as dollar stabilises

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