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Gold price is extending the rebound toward $2,000, fresh two-month highs

Gold price is extending the previous rebound toward $2,000, flirting with fresh two-month highs early Thursday. The United States Dollar (USD) has returned to the red, failing to capitalize on a cautious market mood and an uptick in the US Treasury bond yields across the curve.

The US Dollar built on Tuesday’s turnaround and added recovery gains on Wednesday, triggering a pullback in Gold price from near eight-week highs.

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