Wednesday 16 August 2017
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thefinancialexpress
2 months ago

Gold hits near four-week low as dollar firms

Gold edged lower on Monday to touch a near four-week low as the dollar held firm, with the market waiting on comments from a top US Federal Reserve official after last weekand#39;s soft economic data. New York Fed President William Dudley, a close ally of Fed Chair Janet Yellen, is due to take part in a roundtable with local business leaders in Plattsburgh, New York. If Dudley confirms that the Fed will remain hawkish towards interest rate hikes, I do not think gold will be able to recover anytime soon, s

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