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Market Update: Gold Prices Ease from 4-Month Peak
Gold traded lost 3.425 points or 0.18% to 1893.165 on Thursday slipping from an over 4-month high in the previous session as strong momentum in the dollar spooked investors from the precious metal. Recent comments from Federal Reserve officials have supported its current ultra-accommodative stance, policymakers have also agreed to open discussions on tapering its emergency tapering measures in upcoming meetings. US 10-year bond yields held above 3-week lows of 1.579%. In upcoming data, market participants will be closely monitoring US weekly jobless claims and GDP data due later in the session, along with personal consumption expenditure data released on Friday as investors gauge the countrys economic recovery and rising inflation pressures. [/s2If]
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