Gold under pressure from weak data

SINGAPORE — Gold was under pressure yesterday after disappointing data from both sides of the Atlantic fuelled concerns about global growth, while investors awaited a rate decision by the European Central Bank later in the day for more trading cues.

The dollar strengthened slightly against a basket of currencies as worries about a faltering eurozone economy offset concerns over a slower momentum in the United States recovery. A stronger greenback weighs on dollar-priced, commodities including gold.

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