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Gold rises after Fed rate rise

Base metals weak on fading Chinese stimulus hopes

Kristie Batten
Image: iStock/Dilok Klaisataporn

Image: iStock/Dilok Klaisataporn

Further rate rises weren't ruled out and would depend on data, Fed chair Jerome Powell was quoted as saying. Spot gold, which was trading at about US$1962 an ounce before the news, rose as high as $1978/oz...

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