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Gold holds near $4,138 as ISM prices keep yields elevated

Source: kitco.com

Commodities & Raw MaterialsMonetary PolicyInterest Rates & YieldsCurrency & FX
Gold holds near $4,138 as ISM prices keep yields elevated

Spot gold was little changed and spot silver was firmer in late U.S. trading Monday. Fading expectations for a Federal Reserve rate hike in October supported precious metals, while a stronger dollar and long-dated Treasury yields near multi-decade highs capped gold's rebound.

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