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On Wednesday, gold had hit a two-week high in the previous trading session as investors worried about trade tensions between the US and Europe and the International Monetary Fund reducing its outlook for growth.
Spot gold was down about 0.1% to $ 1.303.14 from the ounce at 010 GMT, after reaching its highest level since March 28 at 1 306, 09 dollars during the previous session.
Gold futures in the United States also declined by about 0.1%, to $ 1,307.60 an ounce.
US President Donald Trump threatened Tuesday to impose tariffs on EU products worth $ 11 billion, exacerbating tensions following a long dispute over transatlantic subsidies and opening a new front in his global trade war.
The International Monetary Fund on Tuesday lowered its global economic growth forecast for 2019 and warned that growth could further slow down due to trade tensions and a potentially messy exit from Britain's European Union. .
Britain will suffer economic damage equivalent to the loss of at least two or three years of normal growth by the end of 2021 if the European Union remains without an exit agreement, announced Tuesday. the International Monetary Fund.
European Union leaders will grant a second deadline to British Prime Minister Theresa May, but they could demand that she agree to a much longer extension while France demanded conditions limiting the capacity of the Great Britain. Britain to undermine the block.
The European Central Bank is almost certain to keep the policy on hold Wednesday, taking the time to determine whether its latest stimulus package is enough to stem a rapid decline in confidence.
Venezuela withdrew eight tons of gold from central bank coffers last week, and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise hard currency against sanctions Americans, said a legislator and a government source.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.35% to 757.85 tonnes on Tuesday.
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