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Gold prices rise, aided by a weaker dollar

Globally, the gold prices edged higher on Thursday, aided by a weaker dollar and economic worries, while investors sought further clarity on the U.S. Federal Reserve’s monetary policy path.

The dollar index slipped 0.1 per cent, making the dollar-priced bullion more affordable for overseas buyers.

Bullion prices initially rose on Wednesday after US inflation data was released, before turning negative on profit taking.

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