Bengaluru — Gold fell on Tuesday as investors opted for riskier assets after the US dropped China’s designation as a currency manipulator ahead of an interim deal between the two sides to ease their trade dispute.
The US treasury on Monday said China should no longer be designated a currency manipulator in a long-delayed semi-annual currency report, reversing its August finding; the decision coincided with the arrival of a high-level Chinese delegation for a trade deal signing. Meanwhile, the dollar index held steady against a basket of rivals, making gold expensive for holders of other currencies.
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