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Gold Holds Decline as Bond Yields at 3% Counter Risk


Tuesday, 15 May 2018 09:41 WIB

GOLDEMASBullionSILVER


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Gold holds drop as 10-year Treasury yields hit the 3% mark again, weighing on non-interest bearing precious metals and countering uncertainties around trade relations and tensions in Middle East.

Bullion for immediate delivery flat at $1,313.76/oz at 9:34am in Singapore; -0.4% Monday

Bloomberg Dollar Spot Index little changed after +0.2% Monday. Yield on 10-year Treasuries steady around 3%, after +3 bps Monday

In other metals : Silver +0.1% to $16.5464/oz, Platinum +0.3% to $913.43/oz, Palladium +0.2% to $997.92/oz.

Source : Bloomberg


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