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Gold Prices Ease Amid Firmer Dollar, Markets Await ECB Meeting


Thursday, 25 July 2019 09:38 WIB

GOLDEMAS


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Gold prices edged lower on Thursday as the U.S. dollar hovered near multi-week highs, while investors awaited clues on monetary policy easing from leading central banks to shore up global economy.

Spot gold was down 0.2% at $1,422.31 per ounce, as of 0120 GMT.

U.S. gold futures were steady at $1,423.50 an ounce.

The dollar index was relatively unchanged against a basket of major currencies, after hitting a five-week peak in the previous session.

Investor focus shifted to the European Central Bank (ECB) meeting due later in the day and a widely expected interest rate cut from the U.S. Federal Reserve next week, which are expected to dictate the tempo for currencies and bond yields in coming months.

Source : Reuters


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