Gold drops to lowest in nearly 4 monts as higher US yields fuel risk appetite

July 10, 2017

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Gold slid to its lowest in nearly four months on Monday after the latest US jobs data boosted stock markets and Treasury yields, crimping demand for safe-haven bullion.

Spot gold had fallen 0.5% to $1 207.03/oz by 07:38 GMT. It earlier touched its lowest since March 15 at $1 204.45.

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