Gold edges up despite looming rate rise

Gold prices edged up this month, despite the looming threat of a Federal Reserve rate rise in December. The precious metal is expected to be pushed down by rising rates, as well as the strengthening US dollar, but edged up from $1,064 an ouncte to $1,070. Pundits attribute the climb to a slight in ease in the US dollar's value following sustained growth, although the appeal of the metal as a safe haven asset following last week's Paris attacks is also a factor.

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