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    Gold price today: Yellow metal falls on US-China deal hopes - Moneycontrol.com thumbnail

    Indian February Gold futures dropped on December 20 due to increased risk appetite on hopes of an interim US-China deal being signed soon and as investors awaited the release of American gross domestic product data, a report said.Gold and silver prices breached crucial resistance on December 19 at the Multi Commodity Exchange. Gold crossed the resistance level of Rs 38,050 and silver Rs 44,750.The rally was seen in both the precious metals after weakness in the rupee, as Dollar Index gained after upbeat US unemployment claims data and ADP non-farm employment change data.On the MCX, gold contracts for February were trading lower by Rs 106, or 0.28 percent, at Rs 38,003 per 10 gram at 0920 hours.Experts say both gold and sil
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