Gold slips from January high as economic data, yields in focus

Gold slipped from the highest level in almost five months as investors continued to weigh optimism over the economic recovery against inflation concerns ahead of a key jobs report on Friday. Data released Tuesday showed a gauge of U.S. manufacturing quickened in May, propelled by stronger growth in orders. That boosted yields on 10-year Treasuries, which weighed on demand for non-interest-bearing bullion.

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