Gold dips as U.S. bond yields edge up, dollar firms

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  • U.S. retail sales down 1.9% in December
  • Gold set to gain for the week

Jan 14 (Reuters) – Gold prices slipped on Friday, weighed down by an uptick in Treasury yields on prospects of U.S. interest rate hikes and a stronger dollar.

Spot gold was down 0.3% at $1,816.22 per ounce by 13:56 ET (1856 GMT). U.S. gold futures settled down 0.3% at $1,816.50.

Benchmark U.S. 10-year Treasury yields firmed, while the dollar rose 0.4% against its rivals , making bullion costlier for overseas buyers.

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