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Gold prices near six-week low as dollar firms up, Korea fears ease

The metal slid 1 per cent last week on the back of a stronger dollar and a rise in Treasury yields to above 3 per cent

Reuters  |  London 

Gold fell to its lowest in nearly six weeks on Monday as easing tensions on the Korean peninsula helped boost appetite for assets seen as higher risk, such as stocks, and lifted the dollar. The metal slid 1 percent last week on the back of a stronger dollar and a rise in Treasury yields to above 3 percent, which weighed on interest in non-interest bearing assets. Its retreat has left it on track to end April down 0.5 percent, erasing all the previous month's gains. Spot gold was down 0.6 percent at $1,313.91 an ounce by 1130 GMT, off an earlier low of $1,313.51, its ...

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First Published: Mon, April 30 2018. 20:52 IST
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