Gold falls to one-week low at US$1,803

Business | 22 Jul 2021 7:37 am

Gold dropped for a second straight session to its lowest level in more than a week on Wednesday, as risk appetite resumed with equities and U.S. bond yields rebounding to curb safe-haven bullion bids.

Spot gold fell by 0.4 percent at US$1,803.11 per ounce by 12:34 p.m. EDT, having hit a low since July 12 of US$1,793.59. U.S. gold futures settled 0.4 percent down at US$1,803.40.



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