Gold at two-week high as cloudy US rate hike outlook drags on dollar

July 18, 2017

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Gold prices rose to a two-week high on Tuesday as the dollar dipped to multi-month lows amid fading prospects of further rate hikes by the U.S. Federal Reserve this year and doubts whether President Donald Trump would be able to push through healthcare reforms. Asian shares stepped back from more than two-year highs on Tuesday, while the dollar extended losses as passage of a U.S. healthcare bill grew doubtful and investors bet the Fed would be more cautious about raising interest rates.

Category: General