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Gold gains as stocks fall; weak U.S data spurs safe-haven demand

Reuters  |  BENGALURU 

By Nithin ThomasPrasadBENGALURU (Reuters) - Gold edged up on Thursday from a near three-week low hit in the previous session, supported by softer U.S. economic data and a fall in Asian shares following a report that President Donald Trump was being probed for possible obstruction of justice.Weaker U.S. retail and inflation data overshadowed a rate hike by the U.S. Federal Reserve on Wednesday, raising doubts about the improvement in the economy and pressurizing the dollar."Although the Fed is saying the data is transitory, the market is struggling to align with this view," said Jeffrey ...

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First Published: Thu, June 15 2017. 13:44 IST