CENTRAL BANK OF RUSSIA HIKES POLICY RATE BY 50 BASIS POINTS TO 5.5% IN JUNE

CENTRAL BANK OF RUSSIA HIKES POLICY RATE BY 50 BASIS POINTS TO 5.5% IN JUNE

Russia's central bank announced on Friday that it hiked its policy rate by 50 basis point to 5.5% following its June policy meeting.

BAD FOR GOLD

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