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Gold up on weak US dollar

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Dion Global

11 Jan 2017

Gold futures closed higher in the international market on Tuesday as the dollar strengthened, but uncertainty a day ahead of a scheduled press conference by President-elect Donald Trump helped lift the precious metal to its highest finish in six weeks.

The dollar had been rising, and gold suffering, on hopes that the Trump administration’s fiscal stimulus will boost the economy. Some analysts believe that bet may have been pushed as far as it will go for now.