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Metals Weekly Round-Up: Fed’s New Stance Benefits Gold

After two weeks of losses, gold was poised to end the last week of August up almost 2 percent, reversing a brief slump that saw the metal dip to US$1,917 per ounce on Wednesday (August 26).

The yellow metal strengthened as the US dollar pulled back on news that the Fed is taking a dovish stance that is expected to prolong the current low interest rate environment.

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