Gold Prices Falls on Stronger US Government Bond Yields

Market participants now await the Labor Department’s non-farm payrolls report on Friday local time. Craig Erlam, analyst at online trading platform OANDA, noted that gold looked “very vulnerable” ahead of the non-farm payrolls data report.

Another precious metal, silver for September delivery fell 51.20 cents or 2.19 percent, to close at 22.89 US dollars per ounce. Platinum for October delivery slipped 15.30 US dollars, or 1.65 percent, to settle at 909.70 US dollars per ounce.

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