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UK News
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FTSE 100 snaps 3-day winning streak as high yields weigh
Published at 04/03/2021 at 17:10 -
European shares end lower as miners and tech are pressured by firmer yields
Published at 04/03/2021 at 17:04 -
Rising U.S. yields knock European stocks, miners slump
Published at 04/03/2021 at 08:30 -
FTSE 100 falls as high yields, inflation worries return to fore
Published at 04/03/2021 at 08:28 -
UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 07:43 -
UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 05:39 -
European stocks muted as rise in yields, inflation bets curb initial gains
Published at 03/03/2021 at 17:15 -
Banks, homebuilders shine as British shares rally on budget boost
Published at 03/03/2021 at 17:06 -
European stocks rally, FTSE jumps 1% ahead of budget
Published at 03/03/2021 at 08:21 -
Commodity, bank stocks lift UK shares higher ahead of budget
Published at 03/03/2021 at 08:20
Forex News
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FOREX-Dollar hits three-month highs as Fed's Powell sticks to script
Published at 04/03/2021 at 20:26 -
FOREX-Dollar pares gains before Fed's Powell speaks
Published at 04/03/2021 at 15:11 -
FOREX-Dollar holds before Powell speaks, Swiss franc falls to five-month low
Published at 04/03/2021 at 12:33 -
FOREX-Dollar holds gains ahead of Powell, Swiss franc falls to 5-month low
Published at 04/03/2021 at 08:53 -
FOREX-Dollar holds nerve before Powell, Aussie and kiwi rise again
Published at 04/03/2021 at 05:54 -
FOREX-Dollar bides time, looks to Powell for inspiration
Published at 04/03/2021 at 02:38 -
FOREX-Dollar on the front foot as focus shifts to Powell
Published at 04/03/2021 at 00:46 -
FOREX-Dollar gains with yields, U.S. growth seen likely to outperform
Published at 03/03/2021 at 20:41 -
FOREX-Dollar gains as U.S. growth seen likely to outperform
Published at 03/03/2021 at 15:08 -
FOREX-Dollar slips as bond yields drop and investor sentiment strengthens
Published at 03/03/2021 at 11:15
Market News
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Oil scales 1-year peak as OPEC+ rolls over output for April
Published at 04/03/2021 at 20:15 -
PRECIOUS-Gold crumbles under rising yields, dollar; hits 9-month low
Published at 04/03/2021 at 19:46 -
PRECIOUS-Gold rises as easing bond yields offset firm dollar
Published at 04/03/2021 at 12:42 -
PRECIOUS-Gold prices off 9-month low, but pressured by rising bond yields
Published at 04/03/2021 at 07:48 -
REFILE-Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
Published at 04/03/2021 at 03:40 -
PRECIOUS-Gold recovers from 9-month low, but higher yields weigh
Published at 04/03/2021 at 01:23 -
Oil gains as U.S. fuel stocks drop, OPEC+ considers deal rollover
Published at 03/03/2021 at 20:03 -
PRECIOUS-Gold slides to 9-month low as rising bond yields, dollar dim appeal
Published at 03/03/2021 at 18:59 -
PRECIOUS-Gold slips as U.S. bond yields and equities dull its appeal
Published at 03/03/2021 at 13:04 -
PRECIOUS-Gold prices under pressure on firm U.S. Treasury yields
Published at 03/03/2021 at 07:58
PRECIOUS-Gold falls more than 1% on firm dollar but on course for weekly gain
Published at
22/01/2021 at 19:10
* Platinum slips from more than 4-yr high, set for 2nd weekly gain
* Interactive graphic tracking global spread of coronavirus:
(Updates prices)
By K. Sathya Narayanan
Jan 22 (Reuters) - Gold prices fell more than 1% on Friday as a broader market sell-off weighed on the metal along with a firm dollar, while hopes for further stimulus from the U.S. put bullion on track for its first weekly gain in three.
Spot gold fell 0.8% to $1,855.23 per ounce by 1:42 p.m. EST (1842 GMT), retreating from a two-week high hit on Thursday. The metal was up 1.5% so far this week.
U.S. gold futures settled down 0.5% to $1,856.20.
"Regardless of the asset class everything from equities to agricultural to softs are selling off and a lot of emphasis is on whether the stimulus could be passed and whether the (COVID-19) vaccine rollout could be effective," said Phillip Streible, chief market strategist at Blue Line Futures in Chicago.
The strength in the dollar was also weighing on bullion with benchmark U.S. Treasury yields firm above 1%, Streible said.
U.S. President Joe Biden has proposed a $1.9 trillion coronavirus relief plan, though some Republicans have expressed concerns over the amount.
Global equities benchmarks slipped from record highs and grains futures fell, while the dollar edged higher against key rivals.
Elsewhere, platinum fell 2.5%, to $1,098.70 an ounce, having hit its highest since August 2016 on Thursday. It was set to post its second consecutive weekly gain, up 2.3%.
"As a result, the price differential to gold narrowed for a time to $720 per troy ounce. The last time it was any lower was in February last year," said Commerzbank analyst Carsten Fritsch in a note.
"There was no specific trigger for the price surge. The price may have been pushed up by technical buying after it exceeded its previous high at $1,130."
Silver fell 1.8% to $25.47 an ounce, but was up 2.9% so far this week. Palladium eased 0.3% to $2,356.29.
(Reporting by K. Sathya Narayanan in Bengaluru; Editing by Jane Merriman and Chizu Nomiyama)
((Sathya.Narayanan@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6182 2732; Reuters Messaging: sathya.narayanan.thomsonreuters.com@reuters.net))