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Gold prices recover from two-month low as dollar rally stalls

By GhanaSummary Newsroom1 min read
Gold prices recover from two-month low as dollar rally stalls

Gold prices edged higher on Thursday as ‌the dollar eased from an 18-month peak, helping bullion recover from a two-month low, while traders weighed the prospect of another US Federal Reserve rate hike this year."The short-term investment case for ​gold remains challenged.

Higher rates diminish the appeal of non-yielding gold.

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