Gold slips as dollar holds near one-week high US sales data
Silver holds steady near a four-month high, platinum falls 0.4%, while palladium drops 0.5%
17 July 2019 - 12:39
Bengaluru — Gold slipped on Wednesday as the dollar held near a one-week high on the back of better-than-expected retail sales data from the US, while investors waited for direction on interest rates from the US Federal Reserve.
Spot gold fell 0.3% to $1,401.60 an ounce as of 8.53am GMT. Prices were on track for a third straight session of falls as robust data trimmed expectations of an aggressive interest rate cut by the Fed. US gold futures for August delivery shed 0.6% to $1,403.10...
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