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Home » Gold Rate near one month high as markets cut back US rate hike bets

Gold Rate near one month high as markets cut back US rate hike bets

Spot gold was flat at $1,936.17 per ounce, its highest levels since Aug. 7 hit on Tuesday.

U.S. Treasury yields slipped to three-week lows and the dollar weakened on Tuesday, after data showed job openings dropped to the lowest level in nearly 2-1/2 years in July, while consumer confidence fell more than expected in August.

Elsewhere, spot silver fell 0.4% to $24.63 per ounce, but was hovering close to a one-month high.

Platinum eased 0.1% to $975.07, having climbed to its highest level since July 19 in the previous session. Palladium shed 0.8% to $1,239.38.

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