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Gulf Today Report
Gold decline on Monday as dollar gains strength and US Treasury yields jumps, pressuring the non-yielding bullion.
Spot gold fell as much as 1.7% to $1,816.53 per ounce while US gold futures declined at $1, 835.60.
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The US 10-year Treasury yield steadied above 1%, aiding the dollar to jump above rival currencies, making bullion expensive.
On Friday, US President-elect Joe Biden gave off a clue of more direct pandemic relief to families.
Silver fell 2.6% to $24.71 an ounce, after dropping as much as 4.2% earlier in the session. Platinum fell 2.7% to $1,036.14, while palladium shed 0.6% to $2,355.16.
Spot gold was up 0.2% at $1,734.00 per ounce by 03:10 GMT while US gold futures were up 0.1% to $1,731.90.
Spot gold rose 0.4% to $1,750.82 per ounce by 05:42 GMT while US gold futures jumped 1.3% to $1,749.80.
Spot gold was down 0.3% to $1,731.86 per ounce by 03:40 GMT while US gold futures were down 0.1% to $1,731.
Spot gold was down 0.5% at $1,736.71 per ounce by 06:00 GMT while US gold futures were down 0.2% at $1,738.80 per ounce.
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