Firmer dollar pushes gold off three-week high, but aid package hopes check losses
Bullion may test resistance level of $1,942 soon as technical trend has turned bullish, analyst predicts
12 October 2020 - 07:32
Bengaluru — Gold fell back from a three-week high on Monday as the dollar firmed, though hopes for a new US coronavirus aid package checked the precious metal’s losses.
Spot gold slipped 0.1% to $1,928.06 per ounce by 5.29am, after hitting its highest level since September 21 at $1,932.96 earlier in the session. US gold futures were up 0.4% at $1,934.10...
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