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Free MCX Tips: Fed rate hike jitters take toll on Gold

Discussion in 'Stock Market Discussions' started by Anik singh, Oct 1, 2015.

  1. Anik singh

    Anik singh New Member

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    Gold futures fell by more than 1.4 per cent in the domestic market on Wednesday as investors and speculators cut risky bets in the precious metal after bullish US labour market data bolstered bets of a US Federal Reserve interest rate lift-off for the first time in nearly a decade, in 2015, dimming the lure for the bullion as a store of value.
     
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