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Gold edges higher on subdued dollar ahead of Jerome Powell's testimony

Gold inched higher on Tuesday as a halt in the dollar's rally bolstered the appeal of the precious metal ahead of US Federal Reserve Chairman Jerome Powell's testimony to Congress

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Gold  | Gold Prices | Jerome Powell

Reuters 

By Brijesh Patel (Reuters) - Gold inched higher on Tuesday as a halt in the dollar's rally bolstered the appeal of the precious metal ahead of U.S. Federal Reserve Chairman Jerome Powell's testimony to Congress. Spot gold was up 0.3% at $1,787.80 per ounce by 0454 GMT, after rising more than 1% in the previous session. U.S. gold futures gained 0.3% to $1,787.70. "Gold rose overnight as the U.S. dollar retreated and that (upbeat) sentiment continues in Asia this morning, as regional investors hurry to New York's overnight lead," said Jeffrey Halley, ...

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First Published: Tue, June 22 2021. 11:28 IST
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