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07-Aug2018

Gold futures end lower on Monday

Gold futures ended lower on Monday, owing to a stronger dollar. Besides, the US 'snapback' sanctions targeting the purchase of precious metals has been offset by the expectations for further interest rate hikes by the Federal Reserve.

Gold futures for December delivery settled down $5.50, or 0.5 percent, at $1,217.70 per ounce, on the Comex division of the New York Mercantile. While, spot gold was down by 0.32 percent at $1,209.18 per ounce.


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