In international markets, gold rates edged lower amid a rally in equity markets but a weaker dollar capped losses. Gold
The dollar index was down 0.03% to 89.770 against rivals. A weaker greenback makes gold more appealing for other currency holders. An overnight dip in benchmark 10-year US Treasury yields also supported gold. Lower bond yields reduce the opportunity cost of holding non-interest bearing gold.
Asian equity markets were mostly higher today after a rebound in US stock markets following strong US jobs data. Data released on Thursday showed the number of Americans filing new claims for unemployment benefits dropped further below 500,000 last week.
(With Agency Inputs)
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