Bengaluru — Gold edged lower on Wednesday, holding near a five-week low as a firm dollar and improved appetite for riskier assets dented the appeal of bullion, while investors awaited further clarity on the US-China trade dispute.
The dollar hovered near a two-week high hit in the previous session, making gold more expensive for holders of other currencies. However, the overall positive momentum for bullion is intact, analysts said, with the metal supported by concerns about a slowdown in the global economy, aggravated by poor growth figures from Australia and a contracted growth target in China.
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