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Gold prices up as US dollar loses ground after Trump sacks Rex Tillerson

Trump fired Tillerson after a series of public rifts, replacing him with loyalist Central Intelligence Agency Director Mike Pompeo

Reuters  |  New York/London 

Gold prices turned positive on Tuesday as the US dollar lost ground after news that US President Donald Trump replaced Secretary of State Rex Tillerson, while US inflation data was in line with forecasts. Spot gold was up 0.3 per cent at $1,326.49 an ounce by 1:42 p.m. EDT (1742 GMT), while US gold futures for April delivery settled up 0.5 per cent at $1,327.10. Trump fired Tillerson after a series of public rifts over policy on North Korea, Russia and Iran, replacing him with loyalist Central Intelligence Agency Director Mike Pompeo. "The dollar is lower and gold is ...

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First Published: Wed, March 14 2018. 06:56 IST
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