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Gold rises, inches closer to the key $1,300 level

“December gold GCZ7, +0.54% tacked on $5.20, or 0.4%, to trade at $1,294.10 an ounce, after trading as high as $1,299.80” writes Markets Commodities Reporter for marketwatch.com. A measured rate of interest-rate increases can be supportive for gold, which doesn’t offer a yield.Gold prices are on track to climb for four of the past five sessions, as the dollar has weakened 0.7% over the week.Gold futures rose Thursday to touch highs near $1,300 an ounce as investors read minutes from the Federal Reserve’s September policy meetings as slightly dovish, offering a lift to the commodity.
 
Source: marketwatch.com



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