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Gold Market Report Headlines

PRECIOUS-Gold slips on technicals as dollar firms on U.S. rate hike cues

Gold fell on Wednesday in the face of technical resistance and positive economic data that boosted expectations for further U.S. interest rate hikes this year, supporting the dollar and equities markets. "A resurgent U.S. dollar, along with higher U.S. yields and equities has taken the momentum out of the gold ral

PRECIOUS-Gold prices slip on solid U.S. data, firmer dollar

Gold prices fell on Wednesday as positive economic data from the United States backed expectations of further interest rate hikes by the Federal Reserve this year, prompting the dollar to bounce back from multi-month lows. FUNDAMENTALS * Spot gold was down 0.2 percent at $1,248.60 per ounce, as of 0119 GMT. U.S. gold futures slipped 0.6 percent to $1,248.2. * The dollar pulled away from 4-1/2-month lows against a currency basket on W

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