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Gold churns at 5-month lows ahead of expected Fed rate hike

December 12, 2017

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Gold prices wavered again on Tuesday, holding ground at a more than five-month low in cautious trading ahead of the Wednesday Federal Reserve decision on interest rates and hints on the course for policy in 2018.

Gold slipped even as the leading dollar index was in the red and stocks looked likely to pause their climb. Gold typically moves inversely to the dollar and stocks, as risk-off sentiment tends to send investors into haven gold.

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