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Gold prices retreat to nearly 4-month low as dollar perks up


Tuesday, 23 April 2019 18:58 WIB

GOLDEMAS


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Gold prices on Tuesday headed lower as one popular measure of the U.S. dollar teetered near a two-year high, producing some headwinds for bullion.

Gold for June delivery declined $3.80, or 0.3%, to trade at $1,273.80 an ounce, pushing the commodity back to its lowest level for a most-active contract since Dec. 26, according to FactSet data.

The moves comes as the ICE U.S. Dollar Index a key gauge of greenback against six major rivals, was up 0.1% at 97.345. A climb to 97.71, would mark the highest level for the dollar index since June of 2017, according to FactSet data.

Source: Marketwatch


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