Gold rises as expectations of US interest rate hike recede
<p>Singapore: Gold hit its highest level in more than two months Thursday, driven by receding expectations of a US interest rate hike following data showing a slowdown in inflationary pressures. Investors are now awaiting producer price data for further clues on the direction of inflation.</p> <p>Spot gold gained 0.6% to $4,433.62 per ounce, after rising about 1% earlier to its highest level…
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- Gold rises as expectations of US interest rate hike recede gulf-times.com
