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Gold hits over two-week low as dollar firms ahead of US jobs data

The US gold futures slipped 0.1 per cent to $1,327.70 an ounce

Reuters  |  Bengaluru 

Gold prices hit over two-week lows on Friday, ahead of the US payrolls data later in the day, weighed down by a firmer dollar even as President Donald Trump re-ignited trade war fears by proposing $100 billion in new tariffs on China. Spot gold was down 0.2 per cent at $1,324.01 per ounce, as of 0800 GMT, after hitting $1,321.16 earlier in the session, its lowest since March 21. The US gold futures slipped 0.1 per cent to $1,327.70 an ounce. The dollar index, which measures the greenback against six other major currencies, gained 0.1 per cent to 90.519 ahead of the closely ...

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First Published: Fri, April 06 2018. 16:51 IST