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December 5, 2024

Gold Prices Slide on Rising US Bond Yields: Expect Limited Downside

During the Asian session today, gold prices (XAU/USD) drifted lower as rising US bond yields have impacted precious metal valuations. Despite this downturn, gold remains within a familiar range, showcasing its resilient nature. The ongoing hawkish remarks from Federal Reserve officials maintain caution in market reactions.

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