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Gold Extends Fall as Fading Mideast Tensions Boost Risk Appetite


Friday, 10 January 2020 19:17 WIB

GOLDEMAS


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Gold dipped on Friday and held on track for its first weekly decline in five as easing tensions in the Middle East rekindled risk appetite.

Spot gold was down 0.15% at $1,550.22 per ounce, having fallen as much as 1% on Thursday to its lowest since Jan. 3 at $1,539.78. U.S. gold futures were 0.3% lower at $1,551.20 per ounce.

World stocks were on track for new highs, driven by the thaw in U.S.-Iran tensions. Further boosting risk sentiment, the U.S. House of Representatives on Thursday passed a resolution to stop U.S. President Donald Trump from further military action against Iran.

Source : Reuters


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