Bullion Report of 08-03-2021

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Gold traded little changed, with a surge in Treasury yields easing and traders awaiting the outcome of a vote by U.S. lawmakers on stimulus measure. The metal headed for a third straight weekly loss. The rate on benchmark Treasuries slipped after rising to the highest in a year. Senate Democrats face a gantlet of Republican attempts to rein in President Joe Biden’s $1.9 pandemic-relief plan in a marathon session of votes that will extend the timetable for passage into the weekend.

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