India, July 1 -- After ending yesterday's trading roughly flat, gold prices have surged on Wednesday as investors assessed a report stating that global central banks are more inclined towards investments into gold purchases rather than U.S. dollar. However, the ongoing bets on rate-hike by the U.S. Federal Reserve capped the gains.
Front Month Comex Gold for August month delivery has soared by $45.60 (or 1.13%) to $4,084.10 per troy ounce.
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