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Gold little changed; firm dollar, U.S. rate outlook weighs

Reuters  |  BENGALURU 

By Apeksha NairBENGALURU (Reuters) - Gold traded sideways in Asian hours on Tuesday, buoyed by safe-haven demand with upside potential restricted by a firm dollar and outlook for higher interest rates in the United States.Spot gold was nearly unchanged at $1,311.51 per ounce at 0619 GMT.U.S. gold futures for June delivery were, however, down 0.5 percent at $1,311.30 per ounce.The rising tensions in Gaza had induced some safe-haven buying for gold earlier in the session, ANZ analysts said in a note.Israeli troops shot dead dozens of Palestinian protesters on the Gaza border on Monday when the ...

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First Published: Tue, May 15 2018. 12:08 IST