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Gold treads water as potential Fed rate hike looms

“That would mark the second rate hike this year and the seventh increase since the start of the tightening cycle in December of 2015” writes Markets Commodities Reporter for marketwatch.com. Geopolitically, “there is little to get excited about and with President [Donald Trump] Trump and Kim Jong Un now best friends—another mover for the gold market is removed,” said Govett.August gold GCQ8, +0.15%  rose 60 cents, or 0.05%, to $1,300 an ounce.July platinum PLN8, +0.03%  traded at $898.70 an ounce, down 0.3%, while September PAU8, -0.90%  lost 1% to $1,005.30 an ounce.
 
Source: marketwatch.com



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