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Gold off 11-week highs after Fed signals more rate hikes

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold prices eased off multi-week highs on Thursday as minutes from the Federal Reserves's last policy meeting raised expectations for a faster pace of U.S. rate hikes.FUNDAMENTALS * Spot gold was down 0.1 percent at $1,351.48 an ounce as of 0111 GMT and U.S. gold futures fell 0.4 percent to $1,355 an ounce. * Gold on Wednesday rose to $1,365.23 per ounce, its highest since Jan. 25, buoyed by escalating tensions in Syria, U.S. sanctions on Russia and the U.S.-China trade spat.* U.S. President Donald Trump warned Russia on Wednesday of imminent military action in Syria ...

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First Published: Thu, April 12 2018. 07:03 IST
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