TeleTrade - Analytics

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    17.07.2015 06:42 Gold is weighed by the dollar

    Gold is currently at $1,143.60 (-0.03%) an ounce. The metal is basically flat this morning as investors are waiting for U.S. economic data to assess strength of the dollar.

    Physical demand in key consumers China and India remained sluggish despite low prices. Strong U.S. dollar draws Chinese investors away from bullion and they favor stocks. Indian jewelers sell gold at a discount and prefer to get rid of old stocks instead of preparing new items.

     


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