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17-Jul2017

Gold futures edge higher on weaker dollar

Gold futures edged higher on Monday as the dollar slipped against a basket of major currencies following weak economic data from the United States that has diminished the outlook for aggressive rate hikes from the US Federal Reserve.  

Gold futures for August delivery rose 0.24% to trade at $1,230.50 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was up 0.19 percent to $1,230.91 per ounce.


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