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Gold set for first monthly gain in four on Trump tariff threat, Fed cut hopes

Updated : May 31, 2019 09:43 AM IST

The new threat of tariffs on Mexico, coupled with a string of soggy economic data from the United States this month and the long-drawn Sino-US trade war, also translated into increased bets that the US Federal Reserve could cut interest rates this year.
Spot gold was up 0.2 percent at $1,290.68 per ounce at 0322 GMT.
US gold futures rose 0.3 percent to $1,290.50 an ounce.
Gold set for first monthly gain in four on Trump tariff threat, Fed cut hopes
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