With the dollar seemingly poised to grind out more gains, US interest rates elevated and a significant outflow from gold ETF holdings of 23,917 ounces the bear camp holds an edge into the Wednesday US trade.
In addition to strength in the US dollar, the metals were also undermined by another upside breakout in US treasury yields yesterday.
In a positive development, Indian demand reportedly showed some improvement early this week following last week's washout...[MORE]
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