Gold eased in quiet trade as market participants await the release of key economic data from the US later today that is likely to set the agenda for the dollar's moves.
Gold tends to move in the opposite direction to the dollar as it is seen as an alternative asset to the US currency.
At 9.50 am in London, spot gold was trading at 654 usd per ounce against 656.60 usd in late New York trades yesterday.
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Gold Eased in Anticipation
Gold eased in quiet trade as market participants await the release of key economic data
