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Gold Pulls Back From March High to Edge Back Below $1,300 an Ounce
Thursday, 14 March 2019 20:20 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures were under pressure Thursday, pulling back below the $1,300-an-ounce level as the U.S. dollar regained its footing and investors appeared to shrug off political turmoil in the U.K. surrounding the country™s preparations for exiting from the European Union.

Gold for April delivery on Comex fell $11, or 0.8%, to $1,298.30 an ounce, while May silver dropped 18.6 cents, or 1.2%, to $15.27 an ounce.

Gold rose for a second day on Wednesday to post its highest close of the month as U.K. lawmakers ruled out the possibility of the country exiting the EU without an agreement on London™s future relationship with Brussels. But Parliament has yet to approve an agreement with the EU, with lawmakers having twice rejected a plan worked out by U.K. Prime Minister Theresa May.

Source : Marketwatch

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