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<Commodity>Anticipation of US Economic Data Once Boosts Gold Price to 3Wks+ High
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Gold price climbed to an over-three-week high on Thursday, buoyed by expectations that economic data released after the US government restarted the economy might strengthen the Fed's rate cut expectations for next month. Spot gold hiked 0.3% to US$4,207.4 per ounce, having touched US$4,215.49 per ounce during the day, the peak since October 21. Gold futures for December delivery were roughly flat at US$4,214 per ounce. AASTOCKS Financial News Website: www.aastocks.com |
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