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Gold Pulls Back as News of Trump’s Fed Chair Nominee Boosts Dollar

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Reports about a likely Trump nominee to head the Federal Reserve boosted the dollar and caused the price of gold to retreat for the first time in nearly a fortnight. Media reports indicated that Trump would name Kevin Warsh as the Fed chair to replace Jerome Powell whose term is coming to an end in a few months.

Entities like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) in the gold mining industry will also have an ear out to assess any global developments that could impact the…

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