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Gold subdued on strong dollar; European Central Bank meeting in focus

Gold prices eased as the dollar strengthened, although rising doubts over the economic recovery from the Covid slump limited losses, with investors awaiting the outcome of the ECB meeting this week

Topics
Gold Prices | European Central Bank | US Dollar

Reuters 

(Reuters) - Gold prices eased on Tuesday as the dollar strengthened, although rising doubts over the economic recovery from the COVID-19 slump limited losses, with investors awaiting the outcome of the European Central Bank meeting this week.   FUNDAMENTALS Spot gold was down 0.2% at $1,925.68 per ounce by 0048 GMT. U.S. gold futures were steady at $1,934.60. The dollar index rose 0.2% against its rivals, making gold more expensive for holders of other currencies. More than 27.19 million people have been reported to be infected by the novel coronavirus globally ...

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First Published: Tue, September 08 2020. 10:05 IST
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