Gold continues to hover at its highest level in more than three weeks registered in the previous session tracking sharp weakness in the US dollar. However slight rebound in US treasury yields in early Asia could guide dollar higher and in turn weigh on the yellow metal. The dollar index is currently down nearly 0.3% below 106 mark while benchmark treasury yields are approaching 2.7%. COMEX Gold futures are up 0.35% at $1756.35 an ounce. Meanwhile, the World Gold Council or WGC noted in latest Gold demand trends update that world Gold demand (excluding OTC) was 8% lower y-o-y at 948t. However, demand for the first half of the year was up 12% to 2,189t. Powered by Commodity Insights
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