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Currency and Treasury rates rise, gold futures fall

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Currency and Treasury rates rise, gold futures fall

Gold futures fell for the first time in four sessions on Tuesday, as rising government bond rates and a stronger US dollar pushed the metal down.

According to Lukman Otunga, senior research analyst at FXTM, “the dollar is appreciating ahead of widely expected US employment data on Friday.” He added that inflation concerns and market prudence did not help the metal.

In a market update, Otunga said, “Given how sensitive gold is to tipper forecasts, we can expect to see more volatility through non-farm payrolls data.” “Friday’s decision could set the tone for the precious metal for the rest of the month.”

In a market update, Otunga said, “Given how sensitive gold is to tipper forecasts, we can expect to see more volatility through non-farm payrolls data.” “Friday’s decision could set the tone for the precious metal for the rest of the month.”

Gold GCZ21 fell -0.81% GC00, -0.81% $ 15.40, or 0.9% to ڈالر 1,752.20 an ounce in Monday, December. Silver SIZ21 for delivery in December, -0.39% SI00, -0.39% SIZ21, -0.39% SIZ00, -0.39% SIZ21, -0.39% SIZ21, -0.39% SIZ21, -0.39% SIZ21, -0.39% SIZ21, -0.39 SIZ21 percent, -0.39 percent SIZ21, -0.39 percent SIZ21, -0.39 percent.

The 10-year Treasury note, TMUBMUSD10Y, rose 1.534% to 1.520% on Tuesday, up from 1.481% on Monday, while the US dollar rose 0.3%, as measured by the ICE US Dollar Index DXY, 0.25%.

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