Gold futures settle higher despite dollar rally

by Reuters | CNBC  |  published on March 13, 2015

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Gold pared early gains on Friday, on track to break a nine-day streak lower despite the dollar’s extended rally as the precious metal market appeared reluctant to extend losses ahead of the U.S. Federal Reserve meeting next week.

Spot gold traded above $1,154 an ounce in technically oversold territory on the 14-day relative strength index at 25.6.

U.S. gold for April delivery settled up 50 cents at $1,152.40 an ounce.

Read the full article: http://www.cnbc.com/id/102501907#.

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