SINGAPORE: Gold hovered near its weakest level in more than two weeks on Thursday after the Federal Reserve signalled it was on track to increase interest rates next year as the US economy strengthens.
Spot gold was up 0.1% at US$1,189.86 an ounce by 0023 GMT on Thursday, not far above Wednesday's trough of US$1,183.73, which was its lowest point since Dec 1.
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