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Spot gold was down 0.1% to $1,683.56 per ounce by 0129 GMT. U.S. gold futures were flat at $1,685.10 per ounce.

The U.S. 10-year Treasury yield rose as far as 1.776% on Tuesday, its highest since Jan. 22.

Higher returns on bonds increase the opportunity cost of holding non-yielding bullion.

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