Gold Prices Flat as Dollar Struggles for Direction (POWERCOMMODITY.COM)

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Gold prices were flat on Friday as the U.S. dollar was volatile despite expectations of another interest rate increase this year and falling equities.

Rising interest rates are likely remain a concern for gold prices. Interest rate increases dampen appeal for gold, while boosting the dollar.

Gold was also pulled back by an earlier rise in the greenback. Hawkish Federal Reserve meeting minutes increased chances of a rate hike in December, which helped boost the dollar.

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