Gold prices are seen correcting on Thursday as dollar attempts recovery following a sharp slide overnight. The dollar index gave up gains tracking sharp slide in US treasury yields. DXY that measures the greenback against a basket of currencies is marginally lower at 109.77 while 10 year Treasury note is at 3.2%. The Fed Beige book noted that the outlook for future economic growth remained generally weak, with expectations for further softening of demand over the next six to twelve months. COMEX gold is also staying close to the flat line at $1726.20 an ounce. Powered by Commodity Insights
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