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Commodity Tips | Bullion in low gear on Fed rate hike fears

Gold futures ended on a bearish note in the Asian market on Friday as investors and speculators exited positions in the precious metal tracking weakness in the yellow metal in the overseas market where Gold prices dipped to the lowest level since February 2010 as speculation that the US Federal Reserve will hike interest rates for the first time in almost a decade, in December, curbed the bullion’s appeal as a store of value.
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