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Gold rises as risk aversion hurts equities and dollar

Reuters  |  LONDON 

By Jan HarveyLONDON (Reuters) - Gold rose for a fourth day on Wednesday as concerns over escalating tensions in Syria, U.S. sanctions on Russia and the U.S.-China trade stand-off weighed on stock markets and helped to knock the dollar index to a two-week low. The metal reached its strongest in two weeks as appetite for nominally lower-risk assets sharpened. Palladium, which has also benefited from fears that sanctions on Russia could hurt supply, rose further after climbing nearly 6 percent in the past two days. Spot gold was up 0.8 percent at $1,349.75 an ounce by 1155 GMT, having touched ...

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First Published: Thu, April 12 2018. 00:27 IST
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