Gold in backwardation, eyes weekly gains on less hawkish Fed By Investing.com

Gold in backwardation, eyes weekly gains on less hawkish Fed By Investing.com

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By Ambar Warrick Investing.com--Gold prices entered backwardation on Friday and were headed for mild gains this week as optimism over the prospect of smaller interest rate hikes by the U.S. Federal Reserve offset worsening economic indicators. Spot gold prices traded at higher levels than futures-…

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