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Gold Drops 1% on Stronger Dollar, Hopes of Economic Recovery
Thursday, 21 May 2020 18:01 WIB | PRECIOUS METALS |GOLDEMAS

Gold slipped 1% on Thursday, drifting away from a 7-1/2 year peak, as the dollar strengthened and hopes of a quick economic recovery dented bullion's safe-haven appeal.

Spot gold was down 1% at $1,732.43 per ounce at 09:30 GMT. U.S. gold futures fell 1.1% to $1,733.60 per ounce.

The dollar index, comparing the greenback against a basket of rivals, rose 0.4%, making gold more expensive for holders of other currencies.

Source : Reuters

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