Gold clings to $4,000 as December Fed hike bets firm
· Cairo time
Dubai: Gold held its losses on Wednesday as hot US inflation data and hawkish Federal Reserve remarks strengthened bets on a December rate hike. Bullion traded near $4,030 an ounce after falling 2.6 per cent in the previous session. Spot gold edged up 0.85 per cent to $4,057.01 as of 11:00 am Dubai time. In the UAE, 24K gold is being priced at Dh487.75 per gram versus Dh485.00 yesterday, 22K at Dh451.50, 18K at Dh371.25 and 14K at Dh289.50…
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