GOLD INCHES UP FROM EIGHT-WEEK LOW AS DOLLAR SLIDES

GOLD MARKET UPDATE

Gold prices edged up on Wednesday from an eight-week low hit the session before, with the dollar slipping after U.S. President Donald Trump abruptly dismissed FBI Director James Comey. 

Spot gold , which is priced in dollars, was up 0.1 percent at $1,221.47 per ounce at 0715 GMT. In the previous session, it dropped below its 100-day moving average to its lowest since March 15 at $1,213.81.

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