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Gold Up, Investors Digest Smaller-Than-Expected RBNZ Rate Hike.

Gold was up on Wednesday morning in Asia, as the dollar strengthened and the Reserve Bank of New Zealand (RBNZ) announced a smaller-than-expected interest rate hike.

Gold futures were up 0.54% to $1,793.45 by 12:01 AM ET (5:01 AM GMT), but remained below the $1,800 mark. The dollar, which normally moves inversely to gold, inched up on Wednesday and remained close to a 16-month high.

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