LONDON: Gold firmed after three days of losses on Tuesday as the dollar retreated from an earlier three-month peak, with lower prices tempting some buyers back to the market.
Gold slid nearly 2 percent in the last three trading sessions as a rally in US yields towards the 3 percent mark pushed the dollar index to its highest since mid-January, making the metal more attractive to price-sensitive buyers.
It also suffers from rising yields in its own right, as these lift the opportunity cost of holding non-interest bearing assets like bullion.
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Source: Brecorder
