Gold prices inch down as higher yields outweigh stimulus optimism

By Sumita Layek (Reuters) - Gold prices edged lower on Thursday as firmer Treasury yields eclipsed support from a Democrat sweep in Georgia Senate runoffs that boosted hopes for more stimulus. Spot gold eased 0.1% to $1,916.77 per ounce by 0250 GMT, after declining more than 1.5% in the previous session.

U.S. gold futures climbed 0.5% to $1,918.40. "The rise of 10-year bond yields after the Senate victory by Democrats in Georgia has pushed gold lower, because it's extremely sensitive to the trajectory of yields,".....

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