Posted by aditi on 12:22:00 with No comments
On Wednesday, spot gold prices declined marginally by 0.05 percent to close at $1254.8 per ounce as prices fell from one-month highs after better-than-expected U.S. jobs data boosted U.S. bond yields and the dollar but losses were limited after minutes from the Federal Reserve's March policy meeting were released. Bullion pared some losses after the Fed's minutes showed most policymakers think the central bank should take steps to begin trimming its $4.5 trillion balance sheet later this year as long as the economic data holds up.
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