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Thursday, May 9, 2024

Gold prices edge up amid weak US data

Investors still selling and taking profit

Gold bars are arranged at the headquarters of YLG Bullion International in Bangkok.

Gold prices inched up on Thursday to above US$1,820 per ounce after falling eight consecutive days as US bond yields and the dollar retreated from recent highs on US labour market weakness.

Spot gold was up 0.3% to $1,827 per ounce yesterday morning, attempting a rebound from its weakest levels…

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