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Gold Prices Down on Firmer Dollar


Thursday, 7 March 2019 11:31 WIB

GOLD Spot EmasGold Spot


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Gold prices were modestly lower in mid-morning trading in Asia on Thursday, still hovering around a one-month low.

Gold futures for April delivery on the Comex division of the New York Mercantile Exchange were down 0.03% to $1,287.15 a troy ounce by 10:34 PM ET (3:34 AM GMT) on Thursday morning.

Gold prices climbed to a peak of around $1,349 on Feb. 20 but have been on a downward trajectory since then and lingering at below $1,290 this week.

The U.S. dollar, on the other hand, edged up. The U.S. Dollar Index that tracks the greenback against a basket of six major currencies continued to rise, up 0.03% to 96.830 on Thursday morning.

Source : Investing.com


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