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NEW YORK (AP) - Gold prices declined for the second straight session Thursday as the dollar strengthened and bond yields extended their rise.
Other commodity prices were mixed; industrial metals, corn and soybeans retreated, while gasoline and wheat advanced.
In recent weeks, gold and silver prices have been following Treasury bond yields; higher bond yields dampen gold prices because both are regarded safe investments. The dollar — which finished mixed against other major currencies Thursday but was stronger when precious metals were trading — is considered another safe investment.
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