Gold drops 1% on stronger dollar, hopes for economic rebound

Gold drops 1% on stronger dollar, hopes for economic rebound

Gold slipped as much as 1% Thursday as the dollar strengthened and progress in the development of the COVID-19 vaccine boosted hopes for a faster economic rebound and tempered bets for an immediate back-up plan against the American coronavirus. Spot gold fell 0.8% to $ 1,856.58 an ounce at 9.47am EST (1447 GMT), after hitting […]

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