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Gold ticks higher on softer dollar; cenbank meetings in focus

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold prices edged higher in early Asian trade on Monday as the dollar softened ahead of key central bank policy meetings and the U.S.-North Korea summit this week, and as a weekend G7 summit fanned trade war fears.FUNDAMENTALS * Spot gold was up 0.1 percent at $1,298.78 per ounce at 0049 GMT. * U.S. gold futures for August delivery were nearly unchanged at $1,302.80 per ounce.* The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent at 93.452. * Tightening policy by a notch just one day apart, the world's top two ...

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First Published: Mon, June 11 2018. 09:12 IST
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