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Gold, Pulled by the Fed, Pushed by Indian Weddings, Is Flat -- Market Talk

6 Mar 2017 2:29 am
 

0229 GMT [Dow Jones] Spot gold is trading nearly flat in Asia on Monday, caught between expectations of a US rate increase and safe haven demand amid eurozone political turbulence. The market's expectation of a rate increase has firmed up over the past one week. Meanwhile, Indian gold demand has picked up as these are the prime months for weddings in the country, while Chinese demand has moderated over the past one month. Gold was trading lower by 1 cent to $1,234.40/ounce. (biman.mukherji@wsj.com)
 
 

(END) Dow Jones Newswires

March 05, 2017 21:29 ET (02:29 GMT)

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