Gold eases from intraday high as real yields cap upside – UOB
Gold spot retreated from an intraday high of $4,219 to close at $4,157 as elevated real yields continued to cap upside, according to UOB Global Economics & Markets Research.
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Gold rose more than 1.3% on Tuesday, climbing back above $4,170 after a steep fall in oil prices helped ease inflation fears, even as several Federal Reserve officials struck a hawkish tone.
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