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Gold down as USD recovers, Fed rate hike looms

Gold down as USD recovers, Fed rate hike looms

Mubasher: Gold prices ended Tuesday’s session on a decline as pressures mount with the recovery of the US dollar, one day before the Federal Reserve is expected to raise interest rates by 0.25%.

Gold futures for April delivery went down by 0.43% to $1,310.80 per ounce.

The decline in the precious metal prices comes as the US Treasury bond yields is increasing and is expected to further rise.