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Gold falls as dollar firms after China halts trade talks

Updated : September 24, 2018 09:44 AM IST

Investors were squarely focused on Sino-US trade tensions, after China cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for this week.
Spot gold inched down 0.2 percent to $1,196.17 by 0323 GMT, after falling as much as 1.3 percent on Friday.
Although gold is generally considered to be a safe-haven asset, the months-long trade rift between Washington and Beijing has prompted investors to buy US dollars in the belief that the United States has less to lose from the dispute.
Gold falls as dollar firms after China halts trade talks
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