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Gold hits 2-week high on dollar weakness, weak China data, trade worries

Reuters  |  LONDON 

By Maytaal AngelLONDON (Reuters) - Gold hit a two-week high on Thursday as the dollar fell and investors fretted over weak Chinese data and U.S.-China trade frictions, though the precious metal's upside was capped by a slightly more hawkish Federal Reserve. The dollar edged back against the euro as speculation grows the European Central Bank (ECB) will signal an end date for its vast stimulus programme at its policy meeting, giving back all its gains following Wednesday's Fed meeting.As widely expected, the Fed lifted key overnight borrowing costs by a quarter percentage point. It also ...

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First Published: Thu, June 14 2018. 18:15 IST
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