Gold extends losses after hitting two month top, dips around 1%

COMEX gold futures added to losses in evening trades as the metal continued to ease from a two month high. Gold had topped $4500 per ounce mark, clocking a 10% surge this month. The metal has slipped afterwards though as cooling inflation in US has reduced bets of Fed rate hike in near term. COMEX Gold is down 1.10% at $4419 per ounce.

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