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Gold Settles Slightly Higher, But Sheds 2.9% In The Week

Gold prices moved in a very tight range on Friday, as traders, looking ahead to next week's trade talks between the U.S. and China, mostly stayed wary of building up positions.

Despite a marginal gain today, gold posted its sixth consecutive weekly decline as the greenback hovered around 14-month highs for most part of the week.

With the Fed almost certain to hike interest rates twice this year, one in September and the other after the subsequent policy meeting, the dollar…

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