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Gold Headlines

Gold gains as focus returns to pandemic, U.S. election (Reuters)

(Reuters) - Gold firmed on Wednesday as uncertainties over a global economic recovery and the U.S. presidential election prompted investors to exploit a sharp pullback in the previous session to buy bullion.

Gold prices log first loss in 4 sessions

“Early vaccine hopes are getting dashed” each day and “no one really knows” when additional U.S. stimulus will be announced, Chintan Karnani, chief market analyst at Insignia Consultants, told MarketWatch. “Nervousness over stimulus has caused gold and silver prices to fall. “

Gold slides nearly 2% on dollar rally, IMF silver lining

Oct 13 (Reuters) - Gold fell as much as 1.9% on Tuesday, hitting below $1,900 an ounce, as the dollar rallied on an impasse over U.S. stimulus and as investors latched onto a slightly less stark economic report card from the International Monetary Fund. Spot gold fell 1.7% at $1,890.01 per ounce by 10:33 a.m. EDT (1433 GMT). U.S. gold futures lost 1.8% to $1,893.70.

India Gold Imports Dip After Brief Rebound as Prices Curb Demand (Bloomberg)

Inbound shipments into the world’s second-biggest bullion consumer fell 38% in September from a year earlier to 8.4 tons, according to a person familiar with the data, who asked not to be identified as the information isn’t public. Imports were down from 35.5 tons in August. Finance Ministry spokesman Rajesh Malhotra didn’t immediately respond to a call to his mobile phone.  

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