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Gold Steadies After Biggest Slump in 18 Months
Wednesday, 16 May 2018 16:40 WIB | PRECIOUS METALS |GOLDEMASBullionEmas berjangka

Gold trades little changed, after falling to the lowest level this year on Tuesday as 10-year Treasury yields rise to highest since 2011.

Bullion for immediate delivery added 0.2% to $1,293.41/oz in London. Metal fell 1.8% Tuesday, most since Nov. 2016; fell below 200-day moving avg.

Bloomberg Dollar Spot Index flat after hitting highest this year Tuesday. Yield on 10-year Treasuries steady at ~3.06% after jumping Tuesday.

Holdings in ETFs backed by gold rose 0.2% to 2,341.7 tons, rising a 5th day, data compiled by Bloomberg show.

Other precious metals, platinum weakened 0.1% to $896.62/oz. Silver was steady at $16.2643/oz while palladium fell 0.2% to $980.38/oz.

Source: Bloomberg

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