Gold Prices Gain 0.5% For Highest Settlement In Nearly Eight Weeks

By Wallace Witkowski Markets MarketWatch Pulse

Gold prices settled up Tuesday at their highest in nearly eight weeks as softening economic growth called into question whether the Federal Reserve will pull the trigger on another rate hike this year. Gold for December delivery settled up $6, or 0.5%, at $1,279.40 an ounce, its highest settlement since June 8. Meanwhile, silver for September delivery slipped 2 cents, or 0.1%, to settle at just above $16.76 an ounce.

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