Gold rises as sliding stocks boost safe-haven demand
Updated : December 27, 2018 11:45 PM IST
A global equity rally fueled by a dramatic surge on Wall Street ran out of steam on Thursday, after a fall in Chinese industrial profits again showed the pressures on the global economy.
The dollar index, a gauge of the greenback's value against six major peers, fell 0.5 percent on Thursday, a sign that gold is cheaper for holders of other currencies.
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