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Gold at two-and-a-half-week high on U.S. data, Trump warning on Iran deal

Reuters  |  NEW YORK/LONDON 

By Renita D. Young and Peter HobsonNEW YORK/LONDON (Reuters) - Gold rose to a two-and-a-half-week high on Friday after U.S. President Donald Trump warned he might ultimately end a 2015 nuclear agreement with Iran and after weak U.S. inflation data undermined the case for interest rate rises.Underlying inflation in the United States remained muted in September despite a surge in gasoline prices after hurricanes disrupted production in the Gulf.Markets were pricing in an 82 percent chance of a December rate hike, down from 87 percent before the data were released, according to CME Group's ...

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First Published: Sat, October 14 2017. 01:32 IST
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