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Gold heads for best week in five months on softer dollar, yields

Spot gold was steady at $1,815.88 per ounce by 0246 GMT, after hitting its highest since Feb. 16 at $1,817.90 in the previous session

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Gold Prices | Gold market | Gold trade

Reuters 

By Brijesh Patel (Reuters) - Gold prices on Friday hovered near a 2-1/2-month high and were on track for their best week in five months, aided by a weaker dollar and a pullback in Treasury yields as investors cautiously await U.S. non-farm payrolls report due later in the day. Spot gold was steady at $1,815.88 per ounce by 0246 GMT, after hitting its highest since Feb. 16 at $1,817.90 in the previous session. Bullion up more than 2.5% so far this week. U.S. gold futures were little changed at $1,816.40. "The weaker dollar and U.S. Treasury yields dropping below 1.6% ...

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First Published: Fri, May 07 2021. 09:18 IST
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