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Thursday, May 4, 2017

Gold up, but holds near six-week low on Fed rate hike worries

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Gold up, but holds near six-week low on Fed rate hike worries Spot gold rose 0.2 percent to $1,240.51 per ounce by 0245 GMT. It fell 1.5 percent in the previous session – its worst single-day drop since Nov. 23 – breaching both its 50-day and 200-day moving averages. Prices hit a low of $1,236.01 on Wednesday, a level not seen since March 21.

May 04, 2017 at 09:07AM

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