OM ADVISORY (JACKPOT CALL) 09173020055..08238187446

Gold surged back above the $1,100 level in U.S. trading on Monday, buoyed by persistent concerns about the absence of inflation and doubt about an impending Fed rate hike. The dollar index has retreated after failing to sustain gains above 98.00 last week, which leaves the highs from earlier in the year around 100.00 well protected.

Atlanta Fed governor Dennis Lockhart reiterated the dependency of the rate lift-off on incoming data, but added that there was no “foreordained date” for said lift-off. The failure of Lockhart to specifically mention September as still being a possibility for the first rate hike has heightened doubts about the tim

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