Gold recovers after dip

COMEX gold futures fell as low as $US1317.20 an ounce overnight on increased speculation of a US interest rate rise next month.

Gold recovers after dip Gold recovers after dip Gold recovers after dip Gold recovers after dip Gold recovers after dip

According to Bloomberg, the probability of a September rate rise has increased to 36% from 24% a week ago.

Despite the talk, gold bounced back this morning and was last trading at around $1326/oz.

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