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16-Jan2019

Gold futures decline as dollar, stocks rise

Gold futures declined on Tuesday due to a firmer trend in Major world stock markets and a stronger US currency, supported by China's plan to introduce policies to stabilise a slowing economy However, political uncertainty in the United States and the eventual fate of the Brexit vote, capped the upside.

Gold futures for February delivery settled down 0.2 percent to $1,288.40 on the Comex division of the New York Mercantile. Spot gold was unchanged at $1,289.35 per ounce.


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