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Gold slips from record levels as US dollar holds ground
Gold prices eased on Tuesday as the US dollar firmed, the metal backing away from a record peak hit in the previous session as a fusion of bullish factors including growing US rate cut bets and geopolitical risks drove safe-haven demand. Spot gold was down 0.6% at $2,410.73 per ounce, as of 0335 GMT after hitting a record high of $2440.49 on Monday. US gold futures fell 1% at $2,414.00. The dollar rose 0.1% making greenback-priced bullion less attractive to buyers holding other currencies. Lower interest rates and geopolitical uncertainty make bullion a favourable investment. “The market expectations of interest ... (full story)