Gold Rises on Weakness in US Dollar

Posted By: Religare
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Gold futures closed higher in the international market on Wednesday as the U.S. dollar index took a break from multimonth highs.

Gold Rises on Weakness in US Dollar

Lower rates and a weaker dollar can lure buyers in gold, which doesn't bear interest and is priced in the U.S. currency. Investors also focused on developments for tax reform as Senate Republicans work on their version of a bill after the House advanced their approach last week.

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