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Gold Prices Inch Down as Dollar Strengthens NEWS Updated by COMMODITYPROFITPLUS.COM

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Gold prices inched down on Thursday as the dollar strengthened on positive private payroll data. A rising U.S. treasury yield was also cited as headwind for the precious metal.

“Gold remains heavy due to strong U.S. economic data which supports the emerging hawkish Fed narrative, underpinning the dollar sentiment,” said Stephen Innes, APAC trading head at OANDA in Singapore.

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