Gold firm after 4-day rally on US rate expectations

Gold held firm near a two-week high on Tuesday, retaining gains from a four-day rally, as expectations grew that a hike in US interest rates could be pushed to September.



Spot gold was little changed at $1,187.46 an ounce by 0706 GMT. The metal had climbed to $1,191.50 on Monday, its highest since March 6, as it rose for a fourth straight day.



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Posted in: Indian Market Tips