Gold firms above US$1,900 as softer dollar boosts demand


Tomei sales executive Effa Thumbrin showing some new gold designs at the jeweller’s headquarters in Kuala Lumpur.

BENGALURU: Gold firmed above $1,900 on Thursday as the dollar fell, with bargain hunters betting on a resumption of bullion's broader upwards trend attracted by its recent steep slide from a record peak.

Spot gold was 0.7% higher at $1,930.20 per ounce by 1000 GMT, after slipping below $1,900 in choppy trade the previous session. Prices soared to a record $2,072.50 on Friday. U.S. gold futures eased 0.4% to $1,941.00 per ounce.

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