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Gold recovers losses on pessimism over Fed rate hike

From cnbc.com

Gold rose on Tuesday, recovering an earlier 1 percent slide on expectations the Federal Reserve will not lift U.S. interest rates this year, which helped push the dollar to three-week lows against the euro. Chinese trade data reinforced views that the world's second-largest economy continues to lose momentum, but healthcare stocks kept Wall Street afloat. Spot gold was up 0.3 percent at $1,167.86 an ounce, off an earlier low of $1,151.16, and below Monday's three-month high. U.S. gold futures for December delivery settled up 90 cents an ounce at $1,165.40. "Prices at $1,150-1,160 are based mainly on pessimism over ... (full story)

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