Gold Quotes Stabilized On Declining US Bond Yields

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Gold quotes stabilized on Thursday amid a decline in the yield of US government bonds

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Investors are also cautious ahead of Friday's US non-farm payrolls report, which could provide insight into the Fed's rate hike path ahead

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By 0239 GMT, the spot gold price remained at $1,767.39 an ounce

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In US trading, gold futures rose 0.4% to $1,783.90 an ounce

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The 10-year US Treasury yield has retreated from a one-week high, lowering the opportunity cost of holding gold

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Meanwhile, the US dollar continues to trade at the highs of the week, limiting the growth of gold quotes

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Earlier this week, Fed officials signaled a continued commitment to raising interest rates…..

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To levels where they would more effectively curb economic activity and inflation at its highest level since the 1980s

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The release of two strong US economic reports this week, investors' attention is focused on Friday's jobs report

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Spot silver was down 0.4% to $19.97 ounce, platinum was down 0.2% to $896 an ounce and palladium was down 0.3% to $2011.42 an ounce

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