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Gold firms near nine-year peak on weaker dollar, stimulus bets

admin2个月前 (07-27)cricket271

Gold jumped more than 1% on Wednesday to its highest in nearly nine years, driven by a weaker dollar and as expectations of more stimulus to revive pandemic-hit economies lifted the metal’s appeal as an inflation-hedge.

Spot gold was up 0.8% at $1,856.13 per ounce by 0501 GMT, after hitting its highest since September 2011 at $1,865.35 earlier in the session. U.S. gold futures rose 0.7% to $1,856.80.

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