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Gold firms on dollar retreat; Powell testimony awaited

Kitco News

June 22 (Reuters) - Gold prices edged higher on Tuesday, as a pullback in the dollar lifted demand for the safe-haven metal, ahead of U.S. Federal Reserve Chairman Jerome Powell's testimony to Congress later in the day.

Spot gold was up 0.1% at $1,784.83 per ounce, as of 0054 GMT.

U.S. gold futures gained 0.1% at $1,783.90 per ounce.

The dollar index retreated from two-month highs against its rivals, making gold less expensive for holders of other currencies.

(Reporting by Brijesh Patel in Bengaluru; Editing by Amy Caren Daniel)

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