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Tag Archives: GAINS AFTER

GOLD EXTENDS GAINS AFTER EMPIRE STATE INDEX REPORT DISAPPOINTS

Gold futures were higher in North American trade on Monday, adding to overnight gains, as weaker-than-expected U.S. manufacturing data underlined expectations that the Federal Reserve would keep interest rates lower for longer. The Federal Reserve Bank of New York said that its general business conditions index fell to -9.0 this month from a reading of 9.6 in April. Analysts had …

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