Gold prices settle at lowest in 5 weeks

Thursday, 26 April 2018 00:51 WIB

Gold prices settled with a loss on Wednesday, as strength in the U.S. dollar and Treasury yields and some gains in the stock market combined to push the precious metal to its lowest finish in five weeks. June gold declined by $10.20, or 0.8%, to settle at $1,322.80 an ounce-the lowest for a most-active contract since March 21. Source: Marketwatch

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Sterling fell against the dollar on Wednesday as the U.S. currency strengthened on the back of rising Treasury yields, while traders remained cautious ahead of British GDP numbers due on Friday The economic growth release will be the last key data released before the Bank of England's Monetary Policy Committee meeting early next month, and markets are split over whether the central bank will...

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