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Gold suffers biggest one-day decline in more than a month

Gold suffers biggest one-day decline in more than a month

 

Gold prices finished lower on Thursday, suffering from their largest one-day decline in more than a month.

 

Traders grew wary after the precious metal’s rise to multi-month highs despite an overall rise in Treasury yields and a climb in key U.S. benchmark stock indexes to record levels.
 

“Rising bond yields and record-high equities don’t usually go with surging gold prices,” said Adrian Ash, director of research at BullionVault. “So after catching everyone off-guard at New Year, gold is settling back to its more normal patterns against other assets.”

 

Continued: https://www.marketwatch.com/story/gold-under-pressure-as-dollar-regains-some-traction-2018-01-18?siteid=yhoof2&yptr=yahoo