Argentina Trade Balance (MoM) fell from previous $1827M to $1339M in November

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Gold struggles to reclaim $1,800 as US yields edge higher

Gold struggles to reclaim $1,800 as US yields edge higher

Gold price retreated modestly after having tested $1,800 during the American trading hours. Following the PCE inflation and New Home Sales data from the US, the 10-year US T-bond yield is up more than 1% on the day, not allowing XAU/USD to gather bullish momentum.

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