Gold Up on Weaker US Dollar

Posted By: Religare
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Gold futures closed higher in the international market on Tuesday as the U.S. dollar continued to weaken.

Gold Up on Weaker US Dollar

The weaker dollar has been the main reason why buck-denominated gold has rallied with the greenback still reeling from Friday's release of the weaker U.S. jobs report.

The greenback was also sharply weaker as traders regained confidence in the U.K. economy and eyed potential actions by the European Central Bank, lifting the British pound and euro.

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