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Gold slips as investors shrug off N.Korea; Fed rate hike outlook weighs


By Apeksha NairREUTERS - Spot gold slipped on Friday, shrugging off North Korea's latest missile launch over Japan, with strong U.S. inflation data raising the spectre of another interest rate hike.Spot gold was down 0.2 percent at $1,326.70 an ounce by 0733 GMT. It was down over 1 percent for the week, on track for its first weekly decline in four.U.S. gold futures for December delivery gained 0.1 percent to $1,331."There are a couple of issues pushing and pulling at the market. The reaction to the missile launch this morning has been a bit negated by that better-than-expected (U.S) ...

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First Published: Fri, September 15 2017. 13:21 IST