Gold Tops $1,300 in Comeback as Fed Outlook Hurts Dollar: ChartBy
Gold’s making a powerful comeback after being shunned for three years. Prices have climbed above $1,300 an ounce on speculation that the U.S. central bank will be slow to tighten policy further, bolstering the metal’s appeal as the dollar sagged. Investors have poured funds into exchange-traded products backed by bullion, with holdings expanding 22 percent this year.
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