Bullion Report of 01-03-2021

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Gold prices are struggling near 8-month lows in Indian markets, down ₹12,000 from record highs. Bullion has fallen more than 8% this year as traders focus on a recovery from the Covid-19 pandemic and higher Treasury yields, which make the metal less competitive because it doesn’t offer interest. That has caused holdings in bullion-backed exchange-traded funds to fall to lowest since July

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