PRECIOUS-Gold gains on rate-cut hopes; focus on U.S. GDP data [Reuters]
UNITED OVRSEAS BK S/ADR (UOVEY)
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Source: Reuters
PRECIOUS-Gold gains on rate-cut hopes; focus on U.S. GDP data - Reuters 3 Min Read (Updates prices) * SPDR Gold holdings dipped 0.4% on Thursday * Gold biased to break $1,412/oz, fall to $1,386 - technicals * Silver, platinum on track for third weekly gain * Gold down 0.7% so far this week By Harshith Aranya July 26 (Reuters) - Gold prices rose on Friday, moving away from a one-week low touched in the previous session, on expectations of monetary policy easing from leading central banks, while investors awaited U.S. economic growth data due later in the day. Spot gold was up 0.4% at $1,419.53 per ounce, as of 0743 GMT, after falling to a one-week low of $1,410.77 in the previous session. However, the metal has lost about 0.4% so far this week, putting it on track for its first weekly decline in three. U.S. gold futures were up 0.3% at $1,418.80. “Positive view on gold is driven by expectations of broad monetary easing by key central banks globally, including the Federal Reserve and th
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