Gold rallied for another day as the US dollar slumped to the lowest level in 8 weeks. Disappointing US consumer sentiment damped speculations of Fed’s tightening whilst investors stayed cautious ahead of the FOMC meeting. The benchmark Comex gold contract jumped to a 3-week high of 1214.9 before ending the day at 1213.9, up +0.89%.
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Gold Rallied as USD Fell to 8-Week Low
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