Gold Steadies Near Seven-Week High as Yields Keep Falling

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Gold steadied just below the highest in seven weeks as the dollar continued to pare its first-quarter gains, while Treasuries paused a rally. The dollar has suffered from a brightening economic outlook outside the U.S., helping support the precious metal as it recovers following a poor start to the year. A rally from Treasuries in recent weeks has also aided the non-interest bearing metal, which had been suffering from rising rates.

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