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16 Sep 2015
Gold rallies and reaches 1-week high
FXStreet (Córdoba) - The yellow metal rallied to fresh 1-week highs during the American session amid broad dollar weakness on the back of soft economic data and ahead of the eagerly awaited Fed’s decision on rates.
Gold rose 1.6% and reached a high near $1123 an ounce as soft US consumer price index figures pointed to subdued inflation and raised doubts about a rate hike by the Fed. XAU/USD is currently trading at $1,122,80/oz, up 1.57% on the day.
Gold rose 1.6% and reached a high near $1123 an ounce as soft US consumer price index figures pointed to subdued inflation and raised doubts about a rate hike by the Fed. XAU/USD is currently trading at $1,122,80/oz, up 1.57% on the day.