Gold inches higher

Gold was marginally up on Friday (July 8) as the US dollar clung to its 20-year peak, setting prices on course for their biggest weekly drop in eight by driving down demand for bullion.

Spot gold had inched up 0.1% at US$1,744.07 (about RM7,718.38) per ounce by 0323 GMT. US gold futures were flat at US$1,739.70.

The dollar steadied near its highest since 2002, keeping greenback-priced gold near nine-month lows hit on Wednesday.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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