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Gold rally continues on lower dollar and US rate speculation

Gold rose to a 2-1/2 week high on Tuesday, heading for its fifth session of gains on a weaker dollar and growing expectations that a U.S. interest rate increase could be pushed to September.

Gold rebounds on strong demand, global firmness

Silver also rose sharply on heavy speculative as well as industrial off-take.

'Gold price may bounce back in medium-term'

The industry body said gold is viewed as a tool not only for hedging inflation, it is now seen as a hedge against weak economic fundamentals, which cause severe economic downturns such as high unemployment, rising fiscal deficits, high debt-GDP ratios, sluggish output and weak currency scenarios.

Price rally triggers gold scrap sales

Rallying gold prices triggered a wave of scrap sales in Asia's physical gold market, as traders took advantage of three-month high prices, while buying from top two consumers India and China remained muted.