Gold drops as the US dollar rebounds amid cautious market mood. Focus shifts to the US Markit PMI and President Biden’s speech. […] The uptick in the US Treasury yields on rising inflation expectations and ECB’s inaction also collaborated with the retreat in gold prices . […] Heading into the weekend, the correction in gold will likely to continue, as markets rethink whether the massive US fiscal stimulus could help stimulate the economic recovery. […] Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.
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