Gold Down As Dollar Gains

Posted By: Religare
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Gold futures closed lower in the international market on Monday as the euro weakened and the dollar gained amid German political turmoil that left Chancellor Angela Merkel's prospects of serving a fourth term in doubt.

Gold Down As Dollar Gains

Gold had previously found support after the collapse of the coalition talks fueled a modest flight to quality that lifted other haven assets. But concerns were soon put on the back burner, with equities and other assets perceived as risky moving back into positive territory.

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