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Gold Futures Gain on U.S. Dollar Weakness, Market Uncertainty 1358 GMT – Gold futures rise 1.6% to $3,362.10 a troy ounce on a weaker U.S. dollar and sustained safe-haven demand.
1418 ET – Gold futures backtrack after rising the previous day. The front-month contract falls 0.6% to $3,350.20 a troy ounce. The reversal comes after the U.S. dollar rises 0.5%.
U.S. 20-year bond yields hit their highest since November 2023 of 5.127% following the auction. The dollar consequently extended loses against the euro and yen.
Front Month Comex Gold for July delivery was up $20.70 (or 0.63%) to $3,294.40 per troy ounce today. Notably, gold gained $171.60 (or 5.50%) this quarter.
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