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Gold eases on firmer dollar, solid US data

From cnbc.com

Gold prices edged lower on Thursday, weighed down by a stronger dollar and robust U.S. economic data, while caution persisted as markets awaited clarity on tariff developments. Spot gold fell 0.3% to $3,337.43 per ounce after hitting a session low of $3,309.59. U.S. gold futures settled 0.4% lower at $3,345.3. Following the latest U.S. data, “there was a bit of rise in the dollar and U.S. Treasury yields are higher. So, it’s put a little weakness in the gold market,” said Bob Haberkorn, senior market strategist at RJO Futures. The dollar gained 0.3%, making the greenback-priced gold more expensive for foreign ... (full story)

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  • Category: Fundamental Analysis