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Gold Prices Inches Higher as Asian Equities Ease

Gold prices inched higher on Tuesday in Asia as Asian equities eased following reports that the U.S. is considering imposing new tariffs on European goods.

Gold futures traded on the Comex division of the New York Mercantile Exchange was up 0.1% to $1,303.55 an ounce by 1:20 AM ET (05:20 GMT).

Meanwhile, the U.S. dollar index that tracks the greenback against a basket of other currencies was little changed at 96.613 after data showed the country’s factory goods orders were largely in line with expectations and did little to ease worries about a slowdown in the economy.

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