Gold Advances as Bond Yields Retreat; Traders Eye CPI Data
- Latest miss on jobs data may complicate Fed’s taper timing
- Surging energy prices have failed to elicit investor interest
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Gold rose as Treasury yields declined, with investors assessing inflationary pressures from rising energy prices and the outlook for monetary policy.
U.S. stocks fluctuated while Treasury 10-year yields fell, boosting demand for non-interest-bearing bullion.