"Gold Prices Down In Asia After Regional Data Sets, India Demand In Focus": #Gold prices slipped slightly in Asia on Thursday with investors not fussed by largely upbeat regional data sets and looked for demand cues from India as the government moves to clamp down on export traders.
Gold Futures for December delivery on the Comex division of the New York Mercantile Exchange fell 0.23% to $1,280.08 a troy ounce. Copper traded down 0.09% to $3.172 a pound.
Gold is sensitive to moves higher in both bond yields and the U.S. dollar – A stronger #dollar makes gold more expensive for holders of foreign currency while a rise in U.S. rates, lift the opportunity cost of holding non-yielding assets such as bullion.
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66 283413 hours ago
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8 34016 hours ago
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