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Gold sticks to tight trading range on strength in U.S. equities, weakness in the dollar

January 23, 2019

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Gold prices stuck to a tight trading range on Wednesday, as some strength in U.S. equities dulled investment demand in the metal but weakness in the leading dollar index offered support.

A mixed picture on the economic outlook and major global issues, including trade and Brexit uncertainty, has kept an overall floor under the haven metal.

Gold for February delivery on Comex GCG9, +0.05% rose 50 cents, or less than 0.1%, to $1,283.90 an ounce, trading between $1,277.70 and $1,286 in Wednesday dealings. March silver SIH9, +0.29% rose 3 cents, or 0.2%, to $15.355 an ounce.

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