Gold bulls lose steam for now as yields trump inflation bet ...Qatar

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Gold bulls lose steam for now as yields trump inflation bet
Gold has in little over two months gone from being a favoured reflation bet to heading for its worst first quarter in almost four decades. The change of fortune comes as higher yields dent the appeal of bullion, which offers no interest. At the same time, optimism that the rollout of Covid-19 vaccines will drive a global recovery has pushed investors to switch from the traditional haven to other assets. Gold’s turnaround has been sharp. After enjoying its best year in a decade, the metal has slumped more than 10% in 2021. Investor inflows into exchange-traded funds, which supported the metal’s surge to a record above $2,075 an ounce in August, have gone into reverse. While inflation expecta

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