Gold prices rose on Wednesday (15/1) as the US dollar and Treasury yields weakened, while market participants awaited US inflation data for clues on the Federal Reserve's interest rate strategy.
In addition, an upbeat US monthly jobs report released on Friday reaffirmed the Federal Reserve's (Fed) hawkish outlook and kept US Treasury bond yields elevated, which contributed to driving flows away from non-yielding Gold prices.
Source: Newsmaker.id
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