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Gold slides to seven-month lows as dollar climbs

Reuters  |  LONDON 

By Pratima DesaiLONDON (Reuters) - Gold prices slid to seven-month lows on Friday as the dollar rose due to easing trade tensions and weak demand for the precious metal on expectations of higher U.S. interest rates.Spot gold was 0.5 percent lower at $1,240.11 an ounce at 1358 GMT from an earlier $1,236.58, its lowest since Dec. 12. U.S. gold futures slipped 0.5 percent to $1,240.9 an ounce.Gold prices are down about 9 percent since mid-April.Tensions between the United States and China eased after U.S. Treasury Secretary Steven Mnuchin said on Thursday talks between the world's two largest ...

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First Published: Fri, July 13 2018. 22:20 IST
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