Gold prices touch a 2-month low on Tuesday as hotter-than-expected inflation data out of Europe pushes global bond yields higher.
Gold futures touched a 2-month low on Tuesday as hotter-than-expected inflation data out of Europe pushed global bond yields higher, which helped to weigh on prices of precious metals.
Price action Market drivers Gold slumped as sovereign bond yields around the world climbed early Tuesday as surprisingly hot inflation data out of France and Spain helped cement expectations for a 50 basis point rate hike by the ECB at its March meeting. The data helped weigh on gold on the final trading day of what has been a dismal month for the yellow metal.
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