Gold remains on the defensive, eroding part of the recent multi-day advance and managing to trade back above the $5,100 mark per troy ounce on Tuesday. The precious metal initially dropped just below the critical $5,000 threshold on the back of the persistent strength of the Greenback, higher US Treasury yields across the curve and investors’ repricing of Fed rate cuts.
Source: https://www.fxstreet.com/news/australia-sp-global-services-pmi-above-expectations-522-in-february-actual-528-202603032200
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