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24-Aug2016

Gold futures end higher on weak US dollar

Gold futures ended higher on Tuesday as the US dollar weakened against a basket of major currencies with markets in wait and see mode ahead of a speech by Federal Reserve Chair Janet Yellen later this week that could provide clues about the timing of a US interest rate hike.

Gold futures for December delivery gained $2.70 or 0.20 percent to settle at $1,346.1 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was up 0.07 percent to $1,339.2 an ounce.


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