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Gold Hovers Near Three-Week Low On Fed's Rate Prospects

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 23, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Gold traded near its lowest level in three weeks on Monday amid expectations the Federal Reserve would raise its interest rates next month, where the dollar traded neat two-month highs. The precious metal hit a low of $1248.80 an ounce, while currently trading around $1250.32 from the opening at $1250.39.[​IMG]

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