Wednesday, 9 July 2014

Gold up on softer dollar; India budget eyed for import duty on gold cut

July 10 (Reuters) - Gold edged higher for a second straight session on Thursday, helped by a weaker dollar and as minutes of the Federal Reserve's recent policy meet gave no indication of an early hike in U.S. interest rates.

Markets were also eyeing developments in the second-biggest consumer India, where the new government is expected to cut a record high import duty on gold at the budget to be presented today.

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