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Gold gains as Fed rate cut expectations provide support

Updated : June 13, 2019 11:36 PM IST

Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.
Wall Street stocks opened higher on Thursday, helped by gains in energy shares after suspected attacks on two tankers off the coast of Iran boosted oil prices.
Gold gains as Fed rate cut expectations provide support
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