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29-Mar2018

Gold futures decline as dollar strengthens

Gold futures declined on Wednesday, as dollar strengthened against bucket of major currencies. The yellow metal and dollar mostly hold inverse relation as the stronger dollar makes bullion holding expensive for other currency holders.

Gold futures for April delivery settled lower $17.80, or 1.3 percent, at $1,324.20 per ounce, on the Comex division of the New York Mercantile. Spot gold dipped by 1.4 percent at $1,325.66 per ounce.


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