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FX Desk

Gold bulls defy US yield spike as Treasury buyback nears

By FXStreet

Gold bulls defy US yield spike as Treasury buyback nears

Gold (XAU/USD) rises over 1% on Wednesday, even as the US Dollar (USD) trims some of its earlier losses, after the US Treasury Department announced a bond buyback for the September 10 auction of 10- and 20-year instruments.

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Source: FXStreet