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Gold hits 6-year low

Gold hits 6-year low
Photo Credit: Arabianeye - Reuters.

Dubai-Mubasher: Gold declined on Friday, losing more than $14 amid dollar rise and forecasts of raising the U.S. interest rate in December.

U.S. dollar rose against a basket of currencies by 0.29% to 100.16, its highest since mid-March 2015.

At 1:38GMT, gold dropped by nearly 1.4% or $15 to reach $1054.90 per ounce, its lowest level since 1 September 2009.