Gold futures edged higher on Monday on hopes that a surprise rate cut in China would boost demand for bullion in the top consumer. However, the investors weighed a stronger dollar amid the outlook for rising US borrowing costs limited the gains to some extent.
Gold futures for December delivery edged up 0.32 percent at $1,202.20 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold was steady at $1,202.20 an ounce
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Monday 24 November 2014
Gold futures edge higher on Monday
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