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Gold prices rise on subdued dollar; Fed stance limits gains


By Karthika Suresh Namboothiri(Reuters) - Gold inched up on Friday as optimism over U.S.-China trade talks pressured the dollar, but signs that the U.S. Federal Reserve could raise interest rates again this year kept prices below a 10-month high hit earlier this week.Spot gold rose 0.3 percent to $1,326.56 per ounce as of 0814 GMT. The metal was headed for a second straight weekly rise, up almost 0.4 percent this week.U.S. gold futures were up 0.1 percent at $1,329.1 per ounce."The dollar's trajectory and soundings from the Fed will obviously play on gold prices, but the metal's focus is now ...

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First Published: Fri, February 22 2019. 16:51 IST