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Gold Eases as Strong Equities Check Support From Iran Sanctions


Tuesday, 23 April 2019 15:55 WIB

GOLDEMAS


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Gold edged lower on Tuesday as strong equities provided a risk-conducive backdrop for investors, countering support from Washington’s move to end waivers on Iranian oil sanctions.

Spot gold fell 0.1 percent to $1,273.18 per ounce as of 0750 GMT. U.S. gold futures shed 0.2 percent to $1,275 an ounce.

Asian shares were edging towards a nine-month peak touched last week while stocks on Wall Street were near break-even on Monday as the benchmark S&P 500 index was about 1 percent away from the record high hit in September.

Source Reuters


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