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The value of gold is increasing on weaker dollar ahead of the publication of minutes of the last meeting of the Federal Open Market Federal Reserve. Investors expect that the protocols will clarify the situation with a program of bond purchases.
In addition, the pressure on the U.S. dollar index was weaker than the national activity Chicago Fed, which destroys the hopes of positive GDP data for the 2nd quarter, which will be published next week. National Activity Index Chicago Fed in July rose to -0.15 from -0.23 in June, while the less volatile moving average index for the three months increased to -0.15 from -0.24. July was the fifth month in a row that the index itself and its moving average are in negative territory, indicating growth below trend.
The cost of the October gold futures on COMEX today rose to $ 1377.20 per ounce.
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