Gold edges up on steady demand; Fed rate hike speculation weighs

by | October 25, 2016 8:32 am

Gold prices edged up on Tuesday, underpinned by healthy demand, but an increasing probability of a U.S. interest rate hike and a firm U.S. dollar kept prices range-bound. Spot gold was up 0.1 percent at $1,265.82 an ounce at 0431 GMT, while U.S. gold futures were up 0.2 percent at $1,266.10 an ounce. Chicago Fed…

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