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Urgent: Gold rallies strongly on soft U.S. inflation

Xinhua, September 17, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange settled higher on Wednesday as U.S. consumer prices came in soft in August, which muted expectations for a rate hike this month by the Federal Reserve.

The most active gold contract for December delivery added 16.4 U.S. dollars, or 1.49 percent, to settle at 1,119 dollars per ounce. Enditem