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Gold Decline as the USD Rebounds

M. Ali 16 February, 2021 8:44 pm Commodities, Market Update

Gold prices are showing a declining performance on Tuesday, amid a rise in the United States Treasury yields and a strong rebound by the U.S. Dollar (USD).

In addition, an improved risk sentiment among investors is reducing demand for safe havens in favor of riskier assets.

Spot gold is currently trading near $1,803 per ounce, down by around 0.84% for the day.

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