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Gold Dips on Stronger Bond Yields
Gold prices remained lower on Friday, held back by rising Treasury yields and a stronger dollar.
Comex gold futures for June delivery were down 0.12% to $1,287.90 a troy ounce as of 10:33 AM ET (14:33 GMT).
The price of bouillon was driven lower by the rise in the greenback and increase in bond yields.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched down 0.02% to 93.37, but still remained near a five-month high.