Gold Strengthens Depsite Higher Yields
BonTradeUS Treasury yields rallied as driven by strong economic data: PPI in November gained +0.8%, beating consensus of +0.5% and +0.4% in October. Retail sales grew +0.8% m/m November while the October reading was revised higher to +1.7%. Sales excluding auto soared +1.2%. US dollar rebounded from a 3-week low and 10-year Treasury yields closed at 3.473%, the highest level since May 2010.
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Gold Strengthens Depsite Higher Yields
