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Gold loses its luster as dollar rises

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Gold rises to 2-month high on Trump’s policy uncertainty

Gold rises to 2-month high on Trump’s policy uncertainty*/

– Gold prices rose on Monday to the highest in two months as investors sought safer assets amid uncertainty around the economic policies of new US President Donald Trump and as the dollar declined against other major currencies.Spot gold rose 0.7 per cent to $1,217.81 per ounce by0303 GMT.It earlier touched a high of $1,219.43, the most since November 22.
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Gold loses its luster as dollar rises

Gold loses its luster as dollar rises*/

– A worker displays a gold bar designed for the Year of the Rooster at a gold store in Suzhou, East China’s Jiangsu province on Jan 4, 2017.[Photo by Wang Jiankang/For China Daily]Investors just keep bailing on gold.In December, $2.27 billion was pulled out of SPDR Gold Shares, the world’s largest exchange-traded fund backed by the metal.
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Gold rises on weaker dollar, safe-haven buying after Trump inauguration

Gold rises on weaker dollar, safe-haven buying after Trump inauguration*/

– Gold rises on weaker dollar, safe-haven buying after Trump inaugurationJan 23 (Reuters) – Gold prices rose on Monday on a weaker dollar and safe haven buying on uncertainties over U.S. policy after Donald Trump was sworn in as president last Friday.FUNDAMENTALS * Spot gold rose 0.5 percent, to $1,215.30 per ounce by 0051 GMT.* U.S. gold futures were up 0.9 percent at $1,215.10 by 0051 GMT.
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Gold prices rises to Rs 28,825 per ten grams

Gold prices rises to Rs 28,825 per ten grams*/

– Weakness in dollar boosted demand for the precious metals as a safe-haven, influenced gold prices.The metal for delivery in February was also trading higher by Rs 194, or 0.68 per cent, at Rs 28,819 per 10 gramsNew Delhi: Gold prices rose by Rs 207 to Rs28,825 per ten grams in futures trading today as speculators enlarged their positions, tracking a firming trend overseas.Gold for delivery in April was trading notably higher by Rs 207, or 0.72 per cent, to Rs 28,825 per 10 grams, in a business turnover of 82 lots.
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