Gold came under pressure as higher treasury yields dragged the dollar higher weighing down bullion prices. The US benchmark treasury yields climbed more than 2% to 4.21% while the dollar index was up near 113 levels. Yields on U.S. Treasuries continued their relentless march higher after data showed the number of Americans filing new claims for unemployment benefits fell unexpectedly last week, strengthening expectations of a strong Fed rate hike. COMEX gold was down nearly half a percent at $1630.10 an ounce. Powered by Commodity Insights
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