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Gold edges up after Yellen rate hike view

Reuters  |  LONDON 

By Maytaal AngelLONDON (Reuters) - Gold edged higher on Thursday on a weaker dollar and lower U.S. yields, with investors wagering that policy tightening in the United States would be glacial at best, though gains were capped by surging global stock markets.The dollar was steady against a currency basket, having fallen to its lowest since last October after U.S. Federal Reserve Chair Janet Yellen struck a less hawkish than expected tone in testimony before Congress on Wednesday. A weaker U.S. currency makes dollar-priced gold cheaper for non-U.S. investors. Denting gold's safe-haven appeal, ...

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First Published: Thu, July 13 2017. 19:36 IST
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