Gold steadies on dollar and shares; Fed rate hike view weighs | Reuters

LONDON Gold rose on Tuesday as the dollar receded slightly and European shares fell, though expectations that the U.S. Federal Reserve will raise interest rates next week kept the upside in check. A slide in commodity prices -- particularly crude oil's drop to its lowest in almost seven years as OPEC continues to pump near-record oil to defend market share -- also prevented gold from reaching higher levels.

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| Reuters appeared first on Firstpost.