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Gold declines, adds to weekly drop, as geopolitical tensions ease for now


Thursday, 14 February 2019 21:10 WIB

GOLDEMAS


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Gold futures prices fell Thursday as markets awaited more inflation numbers and a late-week release on retail sales.

Focus on the economy revs up as a tense geopolitical picture fades briefly into the backdrop amid progress to avoid another government shutdown and continued discussions over U.S.-China trade.

For now, April gold was off $6.20, or 0.4%, at $1,308.90 an ounce and is tracking about 0.7% lower for the week so far. The SPDR Gold Shares ETF was little moved.

March silver fell 0.7% to $15.54 an ounce.

The ICE U.S. Dollar Index DXY, -0.18% a measure of the U.S. currency against a basket of six major rivals, was near flat at 97.20. Gold and the dollar tend to move inversely.

Source: marketwatch


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