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Gold gains as U.S. dollar, bond yields pull back; BoE eyed


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Gold rose on Thursday as the dollar retreated from two-week highs and U.S. Treasury yields fell, with traders focusing on economic data for clues on the Federal Reserve’s strategy on monetary support going forward.
Investors also awaited the outcome of a Bank of England meeting, where the central bank is expected to say that Britain’s economy is heading for a much stronger recovery this year than previously expected, and is likely to start slowing its pandemic emergency support.
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