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Gold closes slightly lower as dollar's jump outweighs Turkey contagion fear
Saturday, 11 August 2018 00:53 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures settled slightly lower Friday as a brewing crisis in Turkey jolted global stocks lower, but delivered a firm boost to the U.S. dollar, weighing on bullion.

Gold futures for December delivery on Comex finished down 90 cents, or less than 0.1%, at $1,219 an ounce. The dollar, meanwhile, as measured by the ICE U.S. Dollar Index was up 0.9% at 96.408, marking the highest level in about a year for the dollar gauge.

Source: Marketwatch

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