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Gold Price Falls

Wall Street Journal Markets •
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Gold falls in early Asian trade \n\n A broad rise in global bond yields is likely weighing on the precious metal, says Eleonex’s Stefan Arsenovic. Renewed Middle East tensions likely drove up oil prices and stoked inflation concerns, reinforcing expectations of a more restrictive monetary policy. \n\n Investors are likely to focus on the coming U.S. inflation and labor market data, alongside commentary by Federal Reserve officials, as these could influence monetary policy expectations. Spot gold slips 0.2% to $3,992.90 an ounce.