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Investing.com -- Australian gold stocks rose on Wednesday, tracking gains in bullion overnight as lower expectations for an October Federal Reserve rate hike supported demand for the precious metal.
Gold trades near $4,100 on October 8 as Fed hike risks and elevated yields weigh on bullion, while China adds 740,000 ounces to reserves.
Spot gold is up 0.7% at US$4,141.09 per ounce by 0140 GMT Read more at The Business Times.