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Gold eases as firm dollar dents safe-haven appeal

Gold prices inched lower on Monday as the dollar held near recent highs, although the losses were limited by growing concerns over the economic fallout from… ....

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Base metals rise after China reports no new virus cases | Hellenic Shipping News Worldwide

Base metals rise after China reports no new virus cases | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Gold faces worst week in 12 as U.S. Treasury yields firm


since end-November, as recent strength in U.S. Treasury yields
dented the non-yielding metal’s appeal.
FUNDAMENTALS
GMT, having touched its lowest since Nov. 30 at $1,765.35
earlier in the session. Prices have declined 3% so far this
week.
Benchmark U.S. Treasury yields edged higher, having hit a
near one-year peak earlier in the week. Higher yields increase
the opportunity cost of holding bullion, which pays no interest.
The dollar was also set to mark a weekly gain,
making gold expensive for holders of other currencies.
U.S. jobless claims unexpectedly increased last week,
raising the possibility of a second straight month of tepid job ....

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