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Gold steadies after 2% slide but firmer dollar limits upside

Thursday, September 26, 2019, 8:09 PM

Gold steadied on Thursday after the previous session's near 2 per cent slide, with lower prices tempting some buyers back to the market as uncertainty over the US-China trade war persisted, but a firmer dollar capping gains. Spot gold showed signs of recovery on Thursday, rising 0.3% at $1,507.86 per ounce by 0806 GMT. US gold futures were up 0.2% at $1,514.80 per ounce.
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Rupee darts up 16 paise to 70.88 against USD as Trump dangles trade deal hopes

Thursday, September 26, 2019, 7:52 PM

The rupee strengthened by 16 paise to close at 70.88 against the US dollar on Thursday as investor sentiment got a lift after US President Donald Trump said a trade deal with China could happen sooner than expected. Robust buying in domestic equities, fresh foreign fund inflows and easing crude oil prices also lent support to the domestic unit, forex traders said.
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Rupee slips 10 paise to 71.34 against USD

Friday, September 20, 2019, 8:26 AM

The rupee dropped 10 paise to close at 71.34 against the US dollar on Thursday as heavy selling in domestic equities, unabated foreign fund outflows and rising crude oil prices kept investors edgy. Forex traders said investors also turned cautious after the US Federal Reserve dimmed hopes of further rate cuts. Gupta added that the "market was disappointed with Fed's mixed outlook".

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