Sunday, 24 July 2016

Gold prices slip

Gold prices slip
Gold extended losses on Monday from the previous session as Asian stocks were at near nine-month highs on increasing risk appetite and ahead of central bank meetings in the United States and Japan this week.

Asian shares rose on Monday as worries over the impact of Britain's Brexit vote eased amid efforts to maintain growth, while the dollar was buoyed by a run of solid US economic data.

Spot gold fell 0.4 per cent at $1,317.04 an ounce at 0352 GMT.

Bullion fell 0.7 per cent on Friday, declining for a second successive week. Read More The Financial Express

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