Today, Spot gold was steady but is set to complete the week stuck near its cheapest in more than 5 years as the metal struggles against a stronger USD ahead of a widely expected US rate increase next month.
Newely US applications for unemployment benefits fell last week while a gauge of economic activity of United States rebounded in October month, signs of a healthy labor market and economy that could give the Federal Reserve confidence to hike interest rates next month. US gold edged up by 0.3 per-cent to $1,080.70 a bit.
Newely US applications for unemployment benefits fell last week while a gauge of economic activity of United States rebounded in October month, signs of a healthy labor market and economy that could give the Federal Reserve confidence to hike interest rates next month. US gold edged up by 0.3 per-cent to $1,080.70 a bit.
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