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Gold eases as dollar ticks up, but weak stocks support

Reuters  |  LONDON 

By Jan Harvey and Peter HobsonLONDON (Reuters) - Gold dipped on Wednesday, erasing earlier slim gains as the dollar index moved into positive territory, though a retreat in global stocks after Tuesday's record high kept the metal hemmed within a narrow range. Spot gold was down 0.4 percent at $1,326.07 an ounce at 1410 GMT, off an earlier peak of $1,334.65. The metal's move lower came as the dollar erased earlier losses to rise 0.4 percent versus a basket of currencies. A firmer dollar makes gold more expensive for holders of other currencies. "This seems to be currency led," Saxo Bank's ...

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First Published: Wed, September 13 2017. 19:48 IST