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Gold prices slide as Turkey central bank upheaval buoys US dollar

Gold slipped as investors opted for safe-haven assets such as the dollar and bonds after Turkey's abrupt decision to replace central bank head with a critic of high interest rates sparked uncertainty

Topics
Gold Prices | Turkey | US Dollar

Reuters 

By Asha Sistla (Reuters) - Gold prices slipped on Monday as investors opted for alternative safe-haven assets such as the U.S. dollar and bonds after Turkey's abrupt decision to replace its central bank head with a critic of high interest rates sparked financial uncertainty. Spot gold was down 0.2% at $1,741.19 per ounce by 0430 GMT, having dipped as much as 0.7% earlier in the session. U.S. gold futures were down 0.1% at $1,740.20 per ounce. "This morning when the Turkish Lira fell out of bid, we might have seen gold benefiting with the dollar and Japanese yen but ...

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First Published: Mon, March 22 2021. 11:18 IST
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