Gold rises in daily transactions and falls in futures contracts

New York, December 8 / WAM / Gold rose today, recording 0.3 percent in spot transactions, to $4,208.40 per ounce.

US gold futures for February delivery fell 0.1 percent to $4,238 an ounce. The dollar index fell slightly, making gold more attractive to foreign buyers.

The Federal Open Market Committee meets on Tuesday and announces interest rates on Wednesday, with high expectations for a 25 basis point cut in interest rates.

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