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31-Aug2016

Gold futures end lower on Tuesday

Gold futures dropped on Tuesday after Federal Reserve officials made some positive comments about the interest rates, boosting the dollar, while focus turned out to be at US job market and the pace of interest rate hike will depend on how well the economy is doing.

Gold futures for December delivery declined $10.60 or 0.8 percent to settle at $1,316.50 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was down 0.8 percent to $1,312.71 an ounce.


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