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Gold edges down on profit-taking, but geopolitical worries support

Reuters 

By Sethuraman N RREUTERS - Gold slipped on Wednesday on mild profit-taking, but geopolitical concerns about North Korea and nervousness ahead of the French presidential election lent support to the safe-haven asset.Spot gold was down 0.4 percent at $1,284.15 per ounce as of 0617 GMT. U.S. gold futures were 0.6 percent lower at $1,288.80.U.S. Vice President Mike Pence said on Wednesday that Washington would work with its allies and China to put economic and diplomatic pressure on North Korea but added that America would defeat any attack with an "overwhelming response.""The whole situation ...

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First Published: Wed, April 19 2017. 15:27 IST
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