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Gold Drops to One-Week Lows as Global Bond Yields Tick Up
Tuesday, 14 November 2017 19:47 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices hit roughly one-week lows Tuesday as global bond yields tipped higher, dulling demand for the yellow metal.

Still, uncertainty over the outlook for U.S. tax reforms and their potential impact in supercharging the economy kept gold™s losses in check, hitting investor risk appetite and underpinning gold™s value as a haven asset.

December gold fell $6.50, or 0.5%, to $1,272.90 an ounce. The exchange-traded SPDR Gold Trust eased 0.4% in premarket trading.

Source : Market Watch

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