Gold is heading for its first decline in three days, erasing its gains from that period, as US Treasury yields rebounded following congressional approval of a massive stimulus package. Spot gold edged 0.2% lower to $1,724.28 per ounce by noon EST, while US gold futures held steady at $1,721.60 per ounce. Yields are on the rise again Thursday, as President Joe Biden plans to sign his $1.9 trillion covid-19 relief bill later this week after clearing the final congressional hurdle. Rising yields have played havoc with the price…
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