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Gold sees marginal gains

Published on Oct 06, 2022 16:42

Gold stayed bullish in Asia on Thursday, supported by decline in the US dollar index overseas tracking weak treasury yields. The dollar index that measures the greenback against a basket of currencies fell below 111 even as improved data from the US and hawkish remarks from policymakers build case for more aggressive rate hikes. US 10 year yields have also fallen below 3.80%. COMEX gold is currently up more than half a percent at $1723 an ounce, up marginally on the day.

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