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FUNDAMENTALS * Spot gold was down 0.2% at $1,872.21 per ounce by 0126 GMT, but it has risen 1.6% this week. * U.S. gold futures fell 0.4% to $1,873.70 per ounce. * The dollar was pinned near milestone lows against its rivals and was headed for a weekly loss. A weaker greenback makes gold more appealing for other currency holders. [USD/] * Benchmark 10-year Treasury yields fell to 1.6340% overnight. Lower bond yields reduce the opportunity cost of holding non-interest bearing gold. * Risk sentiment in wider financial markets remained upbeat after strong U.S. jobs data lifted hopes around...

Gold set for third straight weekly gain as US yields, dollar pull back SECTIONS Last Updated: Apr 23, 2021, 07:53 AM IST Share Synopsis U.S. President Joe Biden's proposal to hike capital gains tax encouraged investors to flock towards bullion. iStock Related Gold gained on Friday and was poised for a third straight weekly rise as a softer U.S. dollar, falling Treasury yields and a dip in equities after U.S. President Joe Biden's proposal to hike capital gains tax encouraged investors to flock towards bullion. FUNDAMENTALS Spot gold was up 0.2% at $1,787.11 per ounce by 0135 GMT, after hitti...

since end-November, as recent strength in U.S. Treasury yields dented the non-yielding metal’s appeal. FUNDAMENTALS GMT, having touched its lowest since Nov. 30 at $1,765.35 earlier in the session. Prices have declined 3% so far this week. * Benchmark U.S. Treasury yields edged higher, having hit a near one-year peak earlier in the week. Higher yields increase the opportunity cost of holding bullion, which pays no interest. * The dollar was also set to mark a weekly gain, making gold expensive for holders of other currencies. * U.S. jobless claims unexpectedly increased last week, rais...

By Reuters Staff 2 Min Read HANOI, Dec 16 (Reuters) - Copper prices rose on Wednesday as data showed a solid economic recovery in top consumer China, with sentiment also underpinned by optimism around the roll-out of COVID-19 vaccines. Three-month copper on the London Metal Exchange increased 0.5% to $7,818 a tonne by 0253 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange climbed 0.7% to 57,960 yuan ($8,859.81) a tonne. China’s factory output grew at the fastest pace in 20 months in November on rising demand for its manufactured goods. Copper and most base ...