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Gold price is near 2018 low even as surging dollar pauses run

June 25, 2018

Gold futures slipped Monday, with the precious metal sticking to the mostly downbeat trading theme for June even as the U.S. dollar, strong throughout the month, eased in early action.

A fresh round of global trade friction was again driving financial market sentiment to start a new week, although the issue has had a subdued impact in supporting haven gold.

August gold GCQ8, -0.13% fell $1.30, or 0.1%, to $1,269.60 an ounce, trading near the lowest levels of 2018. It shaved off 0.6% for last week despite an uptick during Friday’s subdued session and is tracking a 2.6% June drop.

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