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07-Jan2019

Gold futures trade slightly lower on Monday

Gold futures traded slightly lower on as equities rose on a recovery in risk appetite following comments by US Federal Reserve Chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rates. However, a lighter dollar trimmed the downside.

Gold futures for February delivery were down about 0.1% at $1,285.10 on the Comex division of the New York Mercantile. Spot gold edged down about 0.1% to $1,284.05 per ounce.


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