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Gold Heads for Biggest Weekly Decline in Five Months


Friday, 18 May 2018 09:39 WIB

GOLDEMASBullionSILVER


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Gold poised for biggest weekly drop since December on stronger dollar and as 10-year Treasury yields continue to climb, curbing demand for non-interest bearing precious metals.

Bullion for immediate delivery -0.1% to $1,289.09/oz at 9:26am in Singapore; -2.3% this week and near lowest since late Dec.

Bloomberg Dollar Spot Index set for fifth straight weekly gain. Yield on 10-year Treasuries at 3.12%, highest since 2011

Other precious metals : Silver -1.4% this week to snap two weeks of gains

Source : Bloomberg


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