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March 3, 2021, 1:37 p.m. EST

Gold futures fall back to a nearly 9-month low

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    Gold Apr 2021 (GCJ21)

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By Myra P. Saefong

GCJ21

Gold futures declined Wednesday, as gains in Treasury bond yields prompted prices to mark their lowest settlement in nearly nine months. The $1,700 level has been "defended by gold bulls," but if 10-year Treasury yields break above 1.50%, gold could test the $1,685 level, said Edward Moya, senior market analyst at Oanda. April gold /zigman2/quotes/212606756/delayed GCJ21 -0.09% fell $17.80, or 1%, to settle at $1,715.80 an ounce, the lowest for a most-active contract since June 8, FactSet data show. Prices traded as low as $1,699.40 during the session.

/zigman2/quotes/212606756/delayed
US : U.S.: Nymex
$ 1,741.70
-1.60 -0.09%
Volume: 484.00
April 9, 2021 4:11p
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