KONTAN.CO.ID - NEW YORK. Gold prices pared gains on Wednesday, hurt by a stronger dollar and a rebound in bond yields as investors digested Fitch's U.S. credit rating downgrade and focused on nonfarm payrolls data later this week. Spot gold was up 0.1% at $1,945.60 per ounce at 09:50 a.m. EDT (1350 GMT), after rising as much as 0.6% earlier on some safe-haven bids after ratings agency Fitch downgraded the U.S. government to AA+ from AAA. U.S. gold futures gained 0.2% to $1,982.50.
Gold Pares Gains as US Dollar, Bond Yields Resume Climb
KONTAN.CO.ID - NEW YORK. Gold prices pared gains on Wednesday, hurt by a stronger dollar and a rebound in bond yields as investors digested Fitch's U.S. credit rating downgrade and focused on nonfarm payrolls data later this week. Spot gold was up 0.1% at $1,945.60 per ounce at 09:50 a.m. EDT (1350 GMT), after rising as much as 0.6% earlier on some safe-haven bids after ratings agency Fitch downgraded the U.S. government to AA+ from AAA. U.S. gold futures gained 0.2% to $1,982.50.