Gold Down As Dollar Rises

Posted By: Religare
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Gold futures closed lower in the international market on Tuesday as US Treasury yields jumped and the dollar rose off session lows ahead of the House of Representatives' vote on legislation that would slash corporate tax rates.

Gold Down As Dollar Rises

Higher debt yields can dent the appeal of nonyielding gold and other commodities. Gold had previously pushed higher as U.S. front-end Treasury yields declined, bolstering the appeal of non-interest-bearing alternatives.

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