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Gold Jumps Amid Hopes Of Less Aggressive Fed Rate Hike

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Gold prices have stayed firm in today’s trading – with the precious metal peaking at $1,880 per ounce this morning, amid growing expectations of less aggressive hikes from the Federal Reserve (the Fed) this month. Today’s peak price was within a hair’s breadth of the eight-month high it recorded yesterday afternoon when gold rallied to $1,881 per ounce. This evening’s prices have dipped slightly to $1,874 per ounce, but remain 0.22 per cent up on yesterday’s closing price in the current trading session.…

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