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Gold prices trade in range, but U.S. rate hike view weighs


By Vijaykumar VedalaREUTERS - Gold prices drifted in a narrow range on Monday, but held near the previous session's low, pressured by a firmer dollar and expectations of a series of interest rate hikes by the U.S. Federal Reserve this year and in 2018.Spot gold was nearly unchanged at $1,276.61 per ounce at 0734 GMT. On Friday, gold dropped 0.7 percent for its biggest one-day percentage fall since Oct. 26, weighed down by a rise in U.S. Treasury bond yields.U.S. gold futures for December delivery were up 0.2 percent at $1,277.10."The sell-off (on Friday) underlines the sensitivity of gold to ...

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First Published: Mon, November 13 2017. 13:37 IST