Gold is seen losing appeal on Friday as dollar regained 105 mark in early trades tracking surge in treasury yields overnight after reports that San Francisco Fed President Mary Daly said she was open to a 75 basis point rate hike in September, noting that inflation still remained around 40-year highs. Chicago Fed President Charles Evans also said this week that the Fed would need to raise rates to at least 3.25% to 3.5% by the year-end, to combat inflation. The yellow metal was trading down 0.08% by stayed supported above $1800 mark at $ 1806.10 an ounce. Powered by Commodity Insights
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