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Gold prices dip as dollar holds up on higher U.S. bond yields


By Vijaykumar Vedala(Reuters) - Gold prices inched down on Tuesday, with the dollar holding steady on higher U.S. Treasury yields amid uncertainty over the outlook for tax reforms in the United States. Higher U.S. bond yields can pressure gold prices as they reduce the appeal of non-yielding bullion, while a stronger dollar makes the metal costlier for holders of other currencies. Spot gold was down 0.1 percent at $1,276.29 per ounce at 0355 GMT. U.S. gold futures for December delivery fell 0.2 percent to $1,276.30. "Gold prices continued to trade in a very tight range as investors ...

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First Published: Tue, November 14 2017. 10:31 IST