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Gold gains as dollar sags against yuan on China tariffs delay

Updated : February 25, 2019 12:57 PM IST

Spot gold rose 0.2 percent to $1,330.48 per ounce at 0532 GMT. US gold futures were steady at $1,333.
The offshore yuan strengthened 0.6 percent to 6.673 yuan against the dollar, after hitting its highest level since mid-July, on the news that Trump might not raise tariffs on $200 billion of Chinese imports to 25 percent from 10 percent.
Asian shares scaled a 5-month peak after Trump's decision to extend the deadline improved appetite for riskier assets.
Gold gains as dollar sags against yuan on China tariffs delay

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