Dollar weighs on gold prices

Source: WBP Online
© Scanpix/Reuters
Bullion futures traded sideways on Thursday, after strong economic data from the US fuelled a Dollar rally and put pressure on the dollar-denominated commodities. The yellow metal traded flat at $1,085.8 an ounce by 7:20 AM GMT.the Greenback rallied after the Atlanta Fed's Chief, gave bullish comments about the likelihood of a rate hike in September, if strong inflation and employment figures are recorded.  
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