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Gold settles lower as US yields rise

Gold settles lower as US yields rise

Mubasher: Gold prices declined on Wednesday, as the United States treasury yields increased, despite a mixed performance by the dollar against major currencies.

Commodities are still affected by a thriving stock market, as Wall Street continues to break new records.

Gold futures for December delivery went down by 0.2% to the level of $1,211.50 per ounce.