US gold slips on technical selling as rates rise

Newswire

NEW YORK, June 21 (Reuters) - U.S. gold futures slipped in on Thursday as speculative sellers pushed prices down through prior lows, setting off stop loss orders, using a firmer dollar and a rise in longer-dated U.S. interest rates as the trigger, analysts said. "It does look like people are focusing more on the interest rate side of things. To some extent that's logical because a dramatic rise in longer yields at some point would prolong the housing slump, complicate things in the auto ...

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