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Gold Ends Lower as Dollar Climbs, With U.S.-China Trade Talks Holding Market Attention


Tuesday, 12 February 2019 04:03 WIB

GOLDEMAS


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Gold prices ended Monday with a loss as a leading dollar index traded at its highest levels since December, cutting demand for investors buying precious metals using other currencies.

As a result, April gold lost $6.60, or 0.5%, to settle at $1,311.90 an ounce. It fell 0.3% last week, but has climbed 2.9% since the end of last year based on the most-active contract as uneasy trade progress, grouped with a series of global growth downgrades, sent investors to seek cover in lower-risk pockets of the financial markets.

The SPDR Gold Shares ETF fell 0.5% in Monday dealings.

Source : Market Watch


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