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Gold declines on profit-taking, firm dollar

Reuters 

By Karthika Suresh NamboothiriBENGALURU - Gold prices edged lower on Thursday in range-bound trade as investors booked profits and the dollar strengthened, while palladium fell from a record high hit in the previous session.Spot gold fell 0.2 percent to $1,235.57 per ounce at 0823 GMT, while U.S. gold futures were 0.1 percent lower at $1,240.8 per ounce."Gold has been near key levels of $1,240, so there might be some technical-level profit-taking," said Hareesh V, head of commodity research at Geojit Financial Services in Kochi, India.A meeting of the Organization of the Petroleum Exporting ...

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First Published: Thu, December 06 2018. 14:10 IST
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