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06-Sep2016

Gold futures end higher on weaker dollar

Gold futures ended higher on Monday as the dollar weakened against a basket of major currencies on receding expectations of an imminent US interest rate hike at its policy meeting later this month. Though, some yellow metal's gains were capped by stronger global stocks.

Gold futures for December delivery gained $9.60 or 0.7 percent to settle at $1,326.70 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was up 0.1 percent to $1,326.33 an ounce.


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