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Gold $4,122.42 $(247.6) -5.67% Silver $48.48 $(4.36) -8.25% Platinum $1,543.72 $(90.44) -5.53% Palladium $1,409.73 $(102.67) -6.79%

Gold hits 2-month high as dollar struggles on Fed pause views

Gold hits 2-month high as dollar struggles on Fed pause views

July 20 (Reuters) - Gold prices advanced to their highest in about two months on Thursday, driven by U.S. dollar’s weakness and growing expectations that the Federal Reserve would conclude its aggressive rate-hiking cycle at its meeting next week.

Spot gold gained 0.2% to $1,980.59 per ounce by 1058 GMT, close to its highest since May 17 at $1,987.39. U.S. gold futures also rose 0.2% to $1,984.10 per ounce...[LINK]

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