Gold Rises As U.S. Rate-Hike

Gold prices rose on Monday on the back of a subdued dollar as investors considered the prospects of fewer interest rate hikes in the United States this year.

Spot gold was up 0.2 percent at $1,320.45 per ounce as of 0330 GMT, after marking the highest since April 26 at $1,325.96 in the previous session.

U.S. gold futures for June delivery were little changed at $1,320.50 per ounce.

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Suhani Verma

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