Gold prices stay upbeat on Friday, tracking extended weakness in dollar after Fed sounded less hawkish on interest rate hikes. The minutes showed that several members of the central bank found it appropriate to slow its pace of interest rate hikes, in order to gauge the economic impact of a sharp rise in rates this year. Moreover, worsening data from economies across the globe and rising China Covid cases are likely to keep demand for the safe haven commodity strong. COMEX gold was quoting higher by 0.73% at $1758.40 an ounce. Powered by Commodity Insights
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