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Gold Down As US Rate Hike Likely

By Religare
|

Gold futures closed lower in the international market on Monday pressured by expectations for a U.S. interest-rate increase as early as this month, but with uncertainty surrounding a wide swath of geopolitics helping to limit any losses for the safe-haven asset.

Gold Down As US Rate Hike Likely
 

Traditionally, higher Fed interest rates can make the U.S. dollar strengthen, weighing on prices for gold, which is primarily traded in the greenback.

Read more about: gold us dollar
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