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US dollar, equities in focus



Gold prices dipped on Monday

Spot gold was down 0.5% at $ 1,506 per ounce at 0114 GMT.

U.S. gold futures fell 0.4% to $ 1,517.60 an ounce.

The dollar index, against a basket of six major currencies, hovered near a two-week high on Friday.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.25%.

Wall Street shares rebounded on a statement that Germany's government would be ready to take on new debt and launch stimulus steps toward a possible recession.

On Saturday, China's central bank unveiled a key interest

Investors are awaiting the Federal Reserve's Jackson Hole symposium this week. Traders see about a 69% chance of a 25 base-point cut in September.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.1

0% to 843.41 tonnes on Friday. [19659002] Hedge funds and money managers trimmed their bullish stance in COMEX gold and cut long positions in silver contracts in the week to Aug. 13, the US Commodity Futures Trading Commission (CFTC) said on Friday.

Last week, high prices prompted Asian consumers to return physical gold to lock in profits.


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