Gold Down on Rise in Global Equities

Posted By: Religare
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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.

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