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Gold recovered in the Indian market on August 9 after a steep fall in the previous trading session. International spot prices also bounced back but were trading at a multi-month low hurt by a rise in US bond yields and a stronger dollar.
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Data released on Friday showed, US employers hired the most workers in nearly a741 year in July and continued to raise wages. The data boosted the dollar and benchmark US. 10- year treasury yields, hurting gold’s appeal as an inflation hedge Data released on Friday showed, US employers hired the most workers in nearly a year in July and continued to raise wages. The data boosted the dollar and benchmark US. 10- year treasury yields, hurting gold’s appeal as an inflation hedge.
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