Gold rises over 1% as dollar, yields retreat
Gold rose over 1% on Thursday on a retreat in the dollar and U.S. bond yields, while grim jobless data raised prospects for a slower economic recovery and more stimulus that could spur demand for bullion as an inflation-hedge
Spot gold rose 1.2% to $1,727.52 per ounce by 10:38 a.m. EDT (1438 GMT), after touching its lowest since March 8 at $1,677.61 on Wednesday. Source:PTI