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PRECIOUS-Gold eases from 2-week high as economic recovery hopes grow


PRECIOUS-Gold eases from 2-week high as economic recovery hopes grow
Reuters
1 hr ago
April 7 (Reuters) - Gold prices inched lower on Wednesday, retreating from a two-week high hit in the previous session, as a raft of strong U.S. data boosted hopes of a quick economic recovery. FUNDAMENTALS Spot gold was down 0.2% to $1,739.46 per ounce by 0127 GMT. Gold futures slipped 0.1% to $1,740.90 per ounce. Bullion prices had jumped on Tuesday to their highest since March 25 at $1,745.15, as U.S. Treasury yields fell and the dollar slipped to a two-week low against a basket of currencies. Asia equities were set for a sluggish open on Wednesday after Wall Street pulled back from record highs reached in previous sessions. In the latest string of robust economic data, U.S. job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased COVID-19 vaccinations and additional pandemic ....

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