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Gold hits three-week low on firmer dollar, U.S. jobs data

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold fell to a three-week low on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year, supported by data showing a strong U.S. jobs market.The losses in gold were limited, however, with bullion underpinned by a myriad of global uncertainties, including a report that U.S. President Donald Trump was under investigation."Just like in previous rate hikes, the next day the market starts looking at the probability of the next hike because everything was factored in beforehand," Natixis ...

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First Published: Thu, June 15 2017. 20:23 IST