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Commodities

Gold Hits Five-Week Low Amid Soaring US Treasury Yields

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Gold prices have hit a five-week low due to increased US Treasury yields, which reached 5.02% and their highest level since 2007.

The rise in Treasury yields has led investors to pivot away from non-yielding assets like gold, which does not pay interest or dividends.

Indian MCX gold futures are reflecting this pressure, trading around Rs 1,51,155 per 10 grams.

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