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Gold slips to lowest in nearly two weeks, U.S. inflation data in focus


By Apeksha Nair(Reuters) - Gold edged down on Thursday to its lowest in nearly two weeks on waning risk aversion, and as the dollar steadied ahead of U.S. consumer inflation data that could offer clues on the timing of further interest rate hikes. Spot gold was down 0.1 percent at $1,321.24 an ounce by 0620 GMT, after earlier dropping to its lowest since Sept. 1 at $1,318.75.U.S. gold futures for December delivery fell 0.2 percent at $1,325.10 an ounce."It's really just the dollar driving this at the moment and risk-on sentiment. Stock markets continue to make historic highs. It's difficult ...

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First Published: Thu, September 14 2017. 12:12 IST