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Gold rebounds firmly as a China Treasuries-buying report pushes US yields lower
- Gold rebounds firmly as a China Treasuries-buying report pushes US yields lower — FXStreet reported gold reversed steep losses from the hot US CPI release early on Thursday, aided by a Bloomberg report that China is buying US Treasuries through non-US custodians. It said traders were waiting on US retail sales and PPI data for fresh clues on the Fed rate path ahead of the Fed chair appearance on Friday. (FXStreet)
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