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Gold prices fell more than 1% to an 11-week low during Tuesday’s session, penalized by the dollar’s rise ahead of the monthly U.S. employment report this week, which is expected be solid and could strengthen the Federal Reserve’s position to tighten monetary policy.
And gold fell in spot trades 1.5% to $ 1,749.20 an ounce, its lowest level since April 15, before cutting losses to 1.36% at $ 1753.66.
US gold futures fell 1.53% to $ 1,753.50 an ounce.
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