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06-Sep2016

Gold futures trade higher on Tuesday

Gold futures traded higher on Tuesday as investors continued to mull the chances of a Fed rate hike this month in the wake of weaker than expected US jobs data at the end of last week. The Labor Department reported on Friday that the US economy added 151,000 jobs in August, disappointing expectations for an increase of 180,000 and slowing from the 275,000 positions created in July.

Gold futures for December delivery rose 0.31 percent to trade at $1,330.85 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was nearly flat at $1,326.02 an ounce.


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