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Gold rises, hits near 1-week high on weak dollar, geopolitics

Reuters  |  NEW YORK/LONDON 

By Renita D. Young and Eric OnstadNEW YORK/LONDON (Reuters) - Gold prices rose on Tuesday, hitting their highest in nearly a week as the U.S. dollar weakened and investors awaited potential U.S. action against suspected use of chemical weapons in Syria.Trump on Monday promised quick, forceful action in response to a deadly suspected chemical weapons attack in Syria, appearing to suggest a potential military response."Geopolitics is taking the main driving seat this week, so gold has potentially got some room for the upside," said Jonathan Butler, commodities analyst at Mitsubishi in London."A ...

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First Published: Tue, April 10 2018. 23:22 IST
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