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Gold gains on subdued US dollar after Brexit trade deal

From uk.reuters.com

Gold prices edged higher in holiday-thinned trade on Thursday, helped by a U.S. dollar that stayed lower after Britain clinched a trade deal with the European Union, although gains were capped by an uptick in risk appetite. Spot gold rose 0.3% to $1,877.41 per ounce by 10:18 a.m. EST (1518 GMT). U.S. gold futures were up 0.2% at $1,882.10. "Supportive factors for the gold market include the weaker U.S. dollar index for the past couple of days after gains earlier this week," said Kitco Metals se (full story)

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  • Category: Fundamental Analysis