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Gold hits 6-wk trough; set for longest monthly losing streak in 2 decades

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Gold hits 6-wk trough; set for longest monthly losing streak in 2 decades

Gold hit a fresh six-week low on Friday as the dollar firmed after upbeat U.S. economic data supported the Federal Reserve's resolve for steady interest rate hikes, putting the metal on track for its longest monthly losing streak since January 1997.

Gold was down about 1.6 percent in September, its sixth straight monthly loss.

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