Gold drops slightly to US$1,507

Business | 19 Aug 2019 3:45 pm

Gold prices slipped today due to a stronger U.S. dollar and a recovery in equities, as hints of more stimulus from major central banks around the world eased concerns about a recession.

Spot gold was down by 0.4 percent at US$1,507.11 per ounce. U.S. gold futures fell by 0.5 percent to US$1,515.70 an ounce, Reuters reports.

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