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News

Gold drops over 1% as U.S. dollar, yields rebound

* Dollar jumps over 1% against rivals * Silver down over 3%, eases off three-month high * Palladium falls more than 2% (Updates prices) By Brijesh Patel Oct 5 (Reuters) - Gold prices slipped more than 1% on Wednesday, weighed down by a jump in the dollar and U.S. Treasury yields in the run up to U.S. jobs data that could influence the Federal Reserve's rate hike path.
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Gold rally fizzles out as dollar retains upper hand

* Dollar jumps 0.8% against rivals * Gold to remain highly volatile ahead of U.S. jobs data - analyst * Silver down nearly 4% (Updates prices) By Brijesh Patel Oct 5 (Reuters) - Gold fell more than 1% on Wednesday as the dollar regained traction and made bullion less appealing for other currency holders, while markets looked ahead to U.S. jobs numbers for clarity on the Federal Reserve's rate hike path.
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Gold retreats as dollar steadies ahead of U.S. jobs data

* Gold could break above $1,735 on weak ADP data - analyst * ADP report due at 1215 GMT, followed by Friday's payrolls data By Eileen Soreng Oct 5 (Reuters) - Gold slipped on Wednesday as the dollar steadied, but bullion hovered above key level of $1,700 per ounce as investors held off making bigger moves ahead of U.S. jobs data that could influence the Federal Reserve's policy tightening path.
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Gold slips as dollar halts slide; markets await Fed clarity

Oct 5 (Reuters) - Gold prices eased on Wednesday as the dollar somewhat stabilised from its drop in the previous session, although bullion held above key $1,700-per-ounce level with investors eyeing more clarity on the U.S. Federal Reserve's future policy stance. FUNDAMENTALS * Spot gold XAU= was down 0.2% at $1,722.69 per ounce, as of 0120 GMT, but was not far from $1,729.39, its highest level since Sept.
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Gold hits 3-week high as U.S. dollar, bond yields fall

* Silver up after best day since 2008 * U.S. 10-year bond yields slip to near 2-week low * Dollar down over 1% against rivals (Updates prices) By Bharat Gautam Oct 4 (Reuters) - Gold prices rose over 1% to a three-week peak on Tuesday, as the dollar and U.S. Treasury yields retreated, with investors hoping that the U.S. Federal Reserve could adopt a less aggressive approach to rate hikes.
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