Gold moved higher mid-afternoon on Tuesday as the dollar weakened.
Gold for February delivery was last seen up US$8.50 to US$2,667.00 per ounce.
The precious metal has been mostly rangebound since correcting from a record high of US$2,800.80 on Oct.30, as the dollar surged following the U.S. election and inflation remains stuck above the Federal Reserve's 2% target.
However the dollar eased early on Tuesday, with the ICE dollar index last seen down 0.35 points to 106.1.
Treasury yields were mixed. The U.S. two-year note was last seen paying 4.159%, down 3.3 basis points, while the yield on the 10-year note was up 0.4 points to 4.202%.
Source : MT Newswires
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