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Gold rises on weaker dollar, heads for 1st weekly gain in four

From af.reuters.com

Gold prices edged higher on Friday to a one-week high as the dollar weakened on receding fears of a full-blown Sino-U.S. trade war, with the yellow metal heading for its first weekly gain in four. FUNDAMENTALS * Spot gold inched up 0.2 percent to $1,209.38 by 0036 GMT, after touching its highest since Sept. 13 at $1,210.01. It has risen 1.3 percent so far this week. * U.S. gold futures were up 0.3 percent at $1,214.30 an ounce. * Investors are awaiting next week’s Federal Reserve meeting. The U.S. central bank is widely expected to raise benchmark interest rates and shed light on the path for future rate hikes. * All ... (full story)

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  • Category: Fundamental Analysis