Gold flats as dollar strength weakens US bond yields

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Gold prices were flat on Thursday

The weight of the elevated dollar is the greenback-price bullion and

With metals, support from lower treasury yields countered

An already dull outlook by an aggressive Federal Reserve position

On inflation.

Fundamentals

* Spot Gold holds its ground at $ 1,816.63 per ounce

0047 GMT. US gold futures are down 0.1%

$ 1,814.10

* The US dollar rose on Wednesday, a snapping

As for concerns about the approach to the three-session losing trend

Global economic growth and rapid inflation have hit sentiment a

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The day after Fed Chair Jerome Powell made further remarks.

* A strong dollar makes gold less attractive to buyers

Keep other coins.

* US Treasury yields fell on Wednesday, tracking losses

Wall Street, after adding bad US housing data growing

Recession concerns amid aggressive financial austerity

Fed, buoying demand for zero yield gold.

* Two US central bankers say they are looking to the Fed

A more measurable speed downshift after tightening the policy

Since July it wants to control inflation without raising debt

Costs are so high that they send the economy into recession.

* Although seen as an inflation hedge, bullion is sensitive

Rising U.S. short-term interest rates and bond yields, which

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Increase the cost of the opportunity to hold it.

* British inflation rose to its highest annual rate in the last month

This rate since 1982, to put pressure on Finance Minister Rishi Sunak

Bank of England to offer and support more family support

Raising interest rates despite the risk of a recession.

* Spot Silver down 0.2% to .3 21.35 per ounce, Platinum

0.8% down to $ 927.77, and palladium down 1%

From $ 1,996.92

Data / Events (GMT)

0130 Australia Unemployment Rate April

1230 U.S. Primary Unemployed Clm Weekly

1230 US Philly Fed Business Indx May

1400 US existing home sales April

(Report by Bharat Govinda Gautam in Bangalore; edited by

Sherry Jacob-Phillips)

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