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Metals Stocks: Gold’s run of 4 gains looks vulnerable at hands of recovering dollar

Gold prices dipped into the red early Thursday, struggling to extend their latest run to a fifth-straight gain, as the dollar again tried again to recover from the 10-month lows hit in recent days.

Market attention was fixed on the latest European Central Bank policy meeting, its implications for currencies, and by default, metals. The ECB, as expected, left interest-rate policy and other stimulative measures untouched. Attention turned to post-meeting commentary from ECB head Mario Draghi and whether a tightening is in the works in coming months.

Read:Why Mario Draghi can’t back down from ECB taper hints

August gold GCQ7, -0.23% was down $4.30, or 0.4%, at $1,237.70 an ounce, about where it stood ahead of the ECB announcement.

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