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Gold's Fed-Enabled Rally Continues From Last Week -- Market Talk

20 Mar 2017 2:32 am
 

0232 GMT [Dow Jones] London spot gold prices rose in Asia trade on Monday, extending a rally since last week as concerns ease that the US Federal Reserve will accelerate its pace of monetary tightening. Gold is now hovering near a two-week high. Dollar weakness also continues to support gold. Gold was trading $4.61 higher at $1,233.21/ounce. (biman.mukherji@wsj.com)
 
 

(END) Dow Jones Newswires

March 19, 2017 22:32 ET (02:32 GMT)

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