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Gold dips as dollar advances ahead of Biden inauguration

By - AlShorts Web Desk

Gold prices declined on 14 January after US Treasury yields and the dollar regained. Spot gold fell 0.1% to USD1,842.51 per ounce while US gold futures slipped 0.8% to USD1,839.80. According to analysts, the yellow metal is likely to struggle further as investors wait for US President Joe Biden’s Coronavirus stimulus proposal. Biden’s aid plan is expected to be of over USD2 trillion.