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Gold futures finished lower on Friday as firmer yields, a stronger U.S. Dollar and higher equity prices weighed on demand for the non-yielding dollar-denominated asset. Reports of higher inflation aren’t driving demand for gold like many had expected. The bullish tone in the stock market and recent plunge in Treasury yields are just two examples supporting the Fed’s notion that the rise in inflation is temporary or “transitory”.
On Friday, December Comex gold settled at $1805.90, down $3.30 or -0.18%.
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