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Gold Ends Higher as The U.S. Stock Market Pauses Its Rally


Thursday, 25 April 2019 02:25 WIB

GOLDEMAS


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Gold futures ended higher on Wednesday, rebounding from their lowest levels of the year, as a rally in stocks that took two of the three main U.S. equity indexes to records cooled, providing support for the haven metal.

However, a perky dollar — hovering around its highest level in about 22 months — kept prices for the metal off the session’s high.

Gold for June delivery rose $6.20, or 0.5%, to settle at $1,279.40 an ounce. The most-active contract settled at its lowest levels since about Dec. 26 a day earlier, according to FactSet data. The yellow metal had now posted gains in two of the past seven sessions.

Source : Market Watch


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