at manufacturers rose more than forecast as factories continued to recover from pandemic-related disruptions.
“Gold may stay on the defensive near term,” said James Steel, chief precious metals analyst at HSBC Securities Inc. Prices around “$1,800 may be turning into a firmlevel. Much will depend on the U.S. dollar, which may be getting support from higher yields.” In other metals, silver was steady, while platinum and palladium both advanced more than 1%. The Bloomberg Dollar Spot Index was flat after rising 0.3% on Wednesday.
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