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Gold rebounds from 7-week low on Yellen's dovish tone on rates

Published Wed, Feb 25, 2015 · 09:50 PM

Singapore

GOLD climbed back above US$1,200 an ounce on Wednesday after dropping to a seven-week low the session before, with Federal Reserve Chair Janet Yellen indicating flexibility in raising US interest rates.

The US dollar weakened after Ms Yellen held back from giving a clear view on when the Fed may begin hiking rates, …

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