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Gold gains as dollar weakens further

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold prices edged higher on Tuesday as the U.S. dollar slipped further, making bullion less expensive for holders of other currencies.FUNDAMENTALS * Spot gold was up 0.2 percent at $1,348.82 an ounce as of 0102 GMT, and U.S. gold futures were up 0.1 percent to $1,351.5 an ounce.* The dollar index , which measures the greenback against a basket of currencies, was down 0.1 percent at 89.384, following a 0.4 percent fall on Monday. [USD/]* Against the yen, the dollar was off its seven-week high of 107.78 yen touched on Friday as traders braced for a meeting between U.S. ...

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First Published: Tue, April 17 2018. 06:53 IST
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