Gold backs off with Georgia election too close to call
Precious metal slips from two-month peak in thin trade while market waits for poll results
06 January 2021 - 07:37
Bengaluru — Gold edged lower on Wednesday as the dollar firmed with investors tracking two closely contested US Senate runoff races in Georgia that are likely to determine president-elect Joe Biden administration’s fiscal policy.
Spot gold fell 0.3% at $1,943.46/oz by 0355 GMT after hitting a near two-month peak at $1,954.97 earlier in the session. US gold futures eased 0.4% to $1,947.50, while the dollar rebounded from multiyear lows...
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