Stronger dollar takes the shine off gold
News of a deadlock in US stimulus talks dented the metal’s hedging abilities
22 October 2020 - 09:04
Bengaluru — Gold slipped on Thursday from a more than one-week high hit in the last session, as the dollar recovered some lost ground after doubts emerged whether an agreement on a new US fiscal coronavirus aid package could be reached before the election.
Spot gold fell 0.6% to $1,913.45/oz by 3.43am GMT, after hitting its highest level since October 12 at $1,931.01 on Wednesday. US gold futures were down 0.7% to $1,916.00/oz...
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