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Urgent: Gold up sharply on likely rate hike delay

Xinhua, August 21, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange rose sharply on Thursday as the minutes from the previous Federal Open Market Committee meeting indicated a delay in the expected rate increase.

The most active gold contract for December delivery rose 25.3 U.S. dollars, or 2.24 percent, to settle at 1,153.20 dollars per ounce. Endit