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- Gold price hits 3-week lows
Gold price hits 3-week lows
Gold price decreased slightly as the U.S. dollar and stock markets increased. Stock markets benefited from the news China's Finance Ministry would strengthen fiscal policy to boost the economy.
Market participants are awaiting the Fed's policy meeting next week. It remains unclear if the Fed will start raising its interest rate in September or not.
October futures for gold on the COMEX today declined to 1108.70 dollars per ounce.
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