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Gold futures were up 0.32% to $1856.20 by 10:26 PM ET (2:26 AM GMT). It has traded between $1,828 and $1,864 for the past week, remaining at an average of $1,850 overall.
Meanwhile, investors upped their bets on European Central Bank interest rate rises this year and priced in a bigger, 50 basis-point hike at one of the bank’s policy meetings by October.
In addition, Ghana’s gold production fell 30% last year to its lowest in more than a decade, knocking the country off its spot as Africa’s top producer, according to the president of the mines chamber.