Tag: CCOM:GOLD
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Gold Stabilizes Near One-Month Highs as U.S. Interest Rate Hike Expectations
Gold (AMEX:GLD) maintained its position near one-month highs on Thursday, cushioning the losses incurred over the course of this month. This shift came as the likelihood of another U.S. interest rate hike was diminished by recent data indicating a slowdown in the labor market. Traders are closely monitoring the imminent inflation report. Around 1003 GMT,…