Gold came under renewed pressure in early Asia on Wednesday tracking an overnight bounce in the US dollar overseas. The greenback strengthened on upbeat consumer confidence and a lower-than-expected decline in durable goods demand. The dollar index that measures the greenback against a basket of currencies was up 0.44% at 114.54, fresh two decade peaks while benchmark US treasury yields spike to 4% early today. Meanwhile the yellow metal was lingering at $1632.15 an ounce, down 0.25%. Powered by Capital Market – Live News
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