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Gold bulls can't shake Fed woes as values plunge

Traders still betting on a rate increase by year's end

Published Mon, Sep 14, 2015 · 09:50 PM
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New York

GOLD bulls can't shake the spectre of higher US interest rates as Federal Reserve policymakers gather this week.

Prices are trading near a one-month low, investors are dumping holdings through exchange-traded products, and the metal's volatility is rebounding. A resilient US job market and dollar strength are adding to gold's woes, spurring money managers to cut their bets on a rally by more than a third.

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