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08-Sep2016

Gold futures end lower on Wednesday

Gold futures ended lower on Wednesday, losing momentum due to profit-taking after it soared by the most in over two months in the previous session on economic data that weakened the case for an imminent US interest rate hike.

Gold futures for December delivery declined $4.80 or 0.4 percent to settle at $1,349.20 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was down 0.3 percent to $1,345.32 an ounce.


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