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Gold flat as dollar, yields firm ahead of US inflation data

Spot gold was mostly unchanged at $1,896.71 per ounce by 0054 GMT. Bullion has risen 0.8% so far this week and was on track for its fourth straight weekly gain.

May 28, 2021 / 07:43 AM IST
The SGB for the current financial year is issued in six tranches. The first tranche of subscriptions was opened from May 17-May 21.

The SGB for the current financial year is issued in six tranches. The first tranche of subscriptions was opened from May 17-May 21.

Gold prices were flat on Friday, as an uptick in the dollar and U.S. Treasury yields pressured bullion, while investors awaited crucial U.S. inflation data later in the day.

FUNDAMENTALS

* Spot gold was mostly unchanged at $1,896.71 per ounce by 0054 GMT. Bullion has risen 0.8% so far this week and was on track for its fourth straight weekly gain.

* U.S. gold futures edged 0.1% higher to $1,899.50 per ounce.