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Gold Closes Lower as USD Strengthens

M. Ali 26 March, 2021 1:14 am Commodities, Market Update

Gold prices declined on Thursday, as the U.S. Dollar (USD) rose against major rivals supported by the high Treasury bond yields and positive economic data.

The yellow metal futures for April delivery closed lower by $8.10, or 0.5%, at $1,725.10 per ounce.

Gold has now given up all of its yesterday’s gains, which followed two consecutive declines.

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