Gold Rises on Falling Yields, Focus Shifts to Fed Meeting
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KONTAN.CO.ID - Gold prices rose on Friday supported by a decline in US Treasury yields. However prospects for further rate hike from the Federal Reserve and a buoyant dollar limited gains.
Spot gold rose 0,5% to US$ 1.727,09 per ounce by 1215 GMT. Prices on Thursday fell to their lowest level in more than a year at US$ 1.680,25 before ending 1,3% higher.
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