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

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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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