Firm dollar, fading stimulus hopes put gold on track for weekly loss

Spot gold was down 0.1% to $1,906.80 per ounce by 0320 GMT, losing 1.2% so far in the week. U.S. gold futures were up 0.2% at $1,912.20. “There’s some further upside for the dollar and that’s been a major headwind for gold, in addition to the ongoing (U.S.) stimulus negotiations which have yielded no progress,” said Edward Moya, a senior market analyst at OANDA. …read more

Source:: Yahoo Finance

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