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11-May2018

Gold futures end higher on weak dollar

Gold futures ended higher on Thursday as dollar eased against a bucket of major currencies after the release of weaker-than-expected US inflation data. Moreover Trump's decision to withdraw the US from the Iran nuclear deal, also supported the precious metal. 

Gold futures for June delivery settled up $9.30, or 0.7 percent, at $1,322.30 per ounce, on the Comex division of the New York Mercantile. While, spot gold was up 0.6 percent at $1,320.53 per ounce.



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