Elevated dollar index in keeping gold under pressure and as investors await key US inflation data that could provide better cue on Fed onward action. Meanwhile, hawkish stance of the Fed so far has kept benchmark treasury yields higher near 4% that is dragging dollar higher. The dollar index that measures the greenback against a basket of currencies is quoting 113.37. Gold is lingering below key support level of $1700 mark. Currently the yellow metal is trading down 0.87% at $1671.20 an ounce. Powered by Commodity Insights
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