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Gold up as Investors Await Outcome of UK Election

By Religare

Gold futures closed higher in the international market on Monday as global markets absorbed weekend terrorist attacks in London and investors awaited the outcome of the European Central Bank meeting and U.K. general election later this week.

Gold up as Investors Await Outcome of UK Election

Economic figures can sway expectations on the pace of U.S. interest-rate hikes this year, though a June hike is still seen as a strong likelihood. Higher interest rates tend to push investors into assets that offer a yield, which gold doesn't.

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