Gold down on firm US dollar

Posted By: Religare
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Gold futures closed lower in the international market on Monday as the dollar flexed its strength against most major currencies and U.S. equities gained, dulling the appeal of the precious metal in the short term.
Gold down on firm US dollar

Gold is traded in dollars, so moves for the U.S. currency can influence the metal's attractiveness to those using other monetary units. U.S. equities also climbed, with major indexes hitting another round of records, drawing investor attention away from the precious metals.

Read more about: gold, us dollar
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