India, Aug. 27 -- Gold prices retreated on Wednesday amidst the dollar's rebound as well as a spike in bond yields. Both Spot Gold and Gold Futures recorded losses in Wednesday's trade.
The six-currency Dollar Index strengthened 0.37 percent to trade at 98.60. The day's trading range was between 98.20 and 98.74.
Yields on 30-year U.S. treasury bonds surged 0.41 percent to 4.929 percent while on ten-year bonds it hardened 0.33 percent to 4.269 percent. The yields on the 5-year tenor U.S. treasury bonds also hardened 0.24 percent to 3.747 percent. Ten-year sovereign bonds in Canada, France, Italy and Japan also recorded yield spikes in Wednesday's trading.
Spot Gold and Gold Futures (for December settlement) had both rallied on Tuesday.
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