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Spot gold may retreat into $1,864-$1,877/oz range - Technicals U.S. 10-year yields hover near 1-week low (Adds details, chart, and updates prices) June 7 (Reuters) - Gold prices dipped on Monday, as an uptick in the dollar dimmed the appeal of the safe-haven metal, although a pullback in U.S. Treasury yields and prospects of a prolonged accommodative interest rate environment limited losses. Spot gold was down 0.4% at $1,883.10 per ounce, as of 0637 GMT, after rising more than 1% in the previous session, as last month’s U.S. non-farm payrolls fell short of expectations. U.S. gold futures eased 0.3% to $1,886. ....
Gold prices languished near two-week lows on Friday and looked set for their worst week in three months after robust U.S. economic data boosted the dollar and bond yields, ahead of much awaited May non-farm payroll numbers. ....
Dollar hits three-week high U.S. 10-year Treasury yield rises above 1.6% (Adds comment, updates prices) June 4 (Reuters) - Gold was set for its biggest weekly decline since March on Friday, pressured by a firm dollar and upbeat U.S. data that pointed to a strengthening labor market, raising expectations for strong nonfarm payrolls data. Spot gold was little changed at $1,870.07 per ounce by 1118 GMT, after hitting its lowest since May 19 at $1,855.59 earlier in the session. U.S. gold futures traded 0.1% lower at $1,871.10 per ounce. While a stronger-than-expected U.S. jobless claims data has already raised concerns about early tapering by the Federal Reserve, much really hinges on Friday’s job figures, as “gold has been building up for a correction for quite a long time now”, said Ole Hansen, head of commodity strategy at Saxo Bank. ....