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Gold jumps to near 4-month high as dollar slips sharply

Reuters  |  LONDON 

By Jan HarveyLONDON (Reuters) - Gold jumped to its highest in nearly four months on Wednesday as the dollar tumbled to a six-week low versus the Japanese yen and slid against the euro, lifting assets priced in the U.S. currency and offsetting a rise in global yields.The dollar fell as much as 1.2 percent against the yen after the Bank of Japan's move to trim its long-dated government bond purchases earlier this week, putting the U.S. currency on track for its biggest two-day drop in nearly eight months. The BoJ move also lifted bond yields across the world, generally a negative factor for ...

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First Published: Wed, January 10 2018. 16:47 IST
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