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17-May2018

Gold futures rebound on Wednesday

Gold futures rebounded from its lows and settled higher on Wednesday on the back of dimmed risk appetite after dollar eased against a bucket of currencies. A weaker dollar makes gold less expensive for holders of other currencies. 

Gold futures for June delivery settled up $1.20, or 0.1 percent, at $1,291.50 per ounce, on the Comex division of the New York Mercantile. While, spot gold was 0.2 percent higher at $1,292.19 per ounce.



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