Gold Down on Rise in Global Equities

Global markets prepared for the outcome of a major policy test for the Trump administration and a Republican-led Congress.

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Gold futures closed lower in the international market on Thursday as equities markets overseas finished mostly higher, which cut some of the aggressive demand for gold as a short-term refuge amid a risk-off market sentiment shift. The battered dollar also improved Thursday.

Gold Down on Rise in Global Equities

Still, the haven demand underpinning gold remained a key theme as global markets prepared for the outcome of a major policy test for the Trump administration and a Republican-led Congress.

Read more about: gold, us dollar
Story first published: Friday, March 24, 2017, 13:00 [IST]
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