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Gold was down on Thursday morning in Asia, set to fall for a third straight month, as investors assessed bullion’s outlook with major central banks adopting aggressive means to bring down soaring prices.
Gold futures inched down 0.04% to $1,816.75 by 12:56 AM ET (4:56 AM GMT). The dollar, which normally moves inversely to gold, inched down on Thursday morning. The dollar hovered near recent two-decade peaks. The strengthening dollar has dented non-yielding bullion’s demand.
