Gold Edges Up On Russia’s Internal Chaos, Soft Dollar: What’s Capping More Gains?

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Gold prices inched higher during the Asian trading session on Monday after an attempted coup by Wagner Group mercenaries against Russian President Vladimir Putin over the weekend, which increased demand for safe-haven assets. During Monday afternoon’s Asian trading session, spot gold traded 0.2% higher at $1,925 per ounce. The weakening of the dollar also contributed to the bullish sentiment in gold. However, the upside potential for the commodity remained limited as Wagner chief Yevgeny Prigozhin abruptly halted his advance toward Moscow. Also Read: Gold IRA Kit One factor constraining furthe…

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