Mumbai, Oct. 16 -- COMEX gold accelerates further gains to be trading at $4244.80 an ounce, up over 1% in early Asia on Thursday. the yellow metal continues to renew fresh record highs amid US rate cut expectations and trade tensions that continue to boost demand for the safe-haven asset. Fed's Powell said on Tuesday that a sharp slowdown in hiring poses a growing risk to the US economy, suggesting that the US central bank will likely cut its key interest rate twice more this year. Meanwhile, rising trade tensions between the US and China is also contributing to Gold's upside.
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