Gold zooms above $4500 per ounce as dollar slides

COMEX Gold futures saw impressive spike in late trades today, hitting two and half month highs and exploding above $4500 per ounce mark as the US dollar index tumbled under 99 mark. The metal trades up 2.70% at $4541 per ounce. MCX Gold futures are also up 2.36% at Rs 157902 per 10 grams. Dollar eased as a hefty liquidity support announcement by the US Treasury pulled down long term bond yields from multi year highs ahead of the release of the Federal Reserve's ​July meeting minutes.

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