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Gold edges higher as dollar halts surge on COVID worries

September 22, 2020 Business, Market, Markets-Economic Times

Spot gold rose 0.3% to $1,918.20 per ounce by 1252 GMT. Bullion prices fell to their lowest level since Aug. 12 at $1,882.70 on Monday as the U.S. dollar soared to an almost six-week high. A firmer dollar makes bullion more expensive for holders of other currencies.

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