Talk of delay in Fed rate rise !Gold hits 3½ month high on talk of delay in Fed rate rise
4 Hours Ago
Reuters
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Stockbyte
Gold rallied to 3-1/2 month highs on Wednesday, as soft U.S. data and concerns over deflationary pressures in China fueled expectations the U.S. Federal Reserve will hold off raising interest rates, pressuring stocks and the dollar.
U.S. gold futures for December delivery settled up 1.2 percent at $1,179.80 an ounce, settling above their 200-day moving average for the first time in five months, marking a bullish technical close.
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