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Gold Down on US Rate Hike Expectation

By Religare
|

Gold futures closed lower in the international market on Wednesday pressured by rising U.S. interest-rate hike expectations.

Gold Down on US Rate Hike Expectation
 

Prices briefly climbed, then eased back after minutes from the Federal Reserve's May policy meeting appeared to show that the majority of the central bank's officials remain resolute about hiking rates at their meeting in June, which is widely expected.

Dion Global Solutions

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