Precious Metals Preview: Gold futures climb to 2-week high

COMEX gold is adding gains tracking weakness in dollar amid concerns over Fed?s independence after US President Donald Trump announced removal of Fed Governor Lisa Cook. Besides, increasing possibility of a near term rate cut is keeping the dollar under pressure. The yellow metal hit around 2-week high and is currently quoting at $3421.00 an ounce, up 0.10% on the day. Investors are now turning their attention to upcoming economic data, mainly Fed?s preferred inflation measure, the PCE price index that is due on Friday.

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