Gold was not much changed as US Treasury yields rebounded.
Yields are rising again, and US President Joe Biden on Thursday signed a US$1.9 trillion COVID-19 pandemic relief bill into law, allowing aid to flow to individuals, businesses and local governments.
Meanwhile, applications for US jobless benefits fell more than forecast to the lowest since early November last year as COVID-19 vaccinations accelerated and states eased more business restrictions.
<strong>DEMAND AFFECTED</strong>
Rising yields have played havoc on the price of gold, which touched a record high in August. Rates have climbed as increased economic aid stokes inflation concerns, hampering demand for bullion because