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Gold inches down from near-two month high

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold prices edged lower early Thursday, moving away from near two-month highs hit in the previous session as safe haven demand triggered by rising tensions in the Korean peninsula eased.FUNDAMENTALS * Spot gold fell 0.2 percent to $1,275.10 per ounce at 0058 GMT. The precious metal rose 1.3 percent in the previous session, its biggest gain since mid-May, and touched $1,278.66 an ounce, it highest level since June 14.* U.S. gold futures for December delivery rose 0.2 percent to $1,281.20 per ounce.* North Korea dismissed on Thursday warnings by U.S. President Donald ...

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First Published: Thu, August 10 2017. 06:53 IST
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