Gold eases on firmer dollar, bond yields ahead of U.S. inflation data

Gold prices slipped on Friday as the dollar and U.S. Treasury yields firmed, while investors awaited U.S. personal consumption data later in the day to gauge inflationary pressure. Gold has been a little bit on the defensive side. Technically it was very overbought, and on the fundamental side, the dollar had a big move up yesterday and that started to impact gold.

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