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Bond sell-off hit gold, now hitting FX (USD higher) - follows talk of $2ln Biden rescue plan

Eamonn Sheridan
14/01/2021 | 02:39 GMT

The reports are for a higher stimulus package than was expected:

  • Biden's aid plan may be about $2tln, up $700bn from the $1.3tn Schumer asked for 6 hours ago

Rising bond yields on the back of this have already hit gold:

  • Lose the bid in gold ... Biden $2tln stimulus report impacting

Currencies now getting hit, US dollar higher. AUD has given back its earlier gain on the morning:

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