Gold Down Over Stimulus Caution…LATEST GOLD NEWS UPDATE BY MOONCOMMODITY.COM

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Gold was down on Tuesday morning in Asia, ahead of a self-imposed Tuesday deadline to pass the latest U.S. stimulus measures.

Gold futures were down 0.39% at $1,904.15 by 12:47 AM ET (4:47 AM GMT), remaining above te $1,900 mark. Investors were cautious ahead of the deadline and diminished the yellow metal’s appeal as a hedge against inflation. Stocks, which usually move in the opposite direction to gold, were also mostly down on Tuesday.

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