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Gold Trades Flat; Dollar Eyed for Cues
International spot gold was seen at $1,198.30 an ounce. Traders await for direction from the US data release later in a day and impact on dollar which will set the direction for gold.
Strengthening in dollar will dampen gold sentiment as it makes dollar-denominated gold more expensive for holders of other currencies.
On Multi Commodity Exchange, gold futures for latest delivery was seen trading at Rs 26,464 up by 0.05% after opening at Rs. 26,492, against the previous closing price of Rs 26,480 at 2.40 PM IST.
GoodReturns.in
Story first published: Tuesday, November 25, 2014, 14:49 [IST]
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