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Gold $3,351.48 $12.2 0.37% Silver $38.37 $0.22 0.57% Platinum $1,467.10 $4.9 0.33% Palladium $1,315.75 $42.03 3.3%

Gold hits one-week high on expectations of Fed rate cuts

Gold hits one-week high on expectations of Fed rate cuts

Nov 15 (Reuters) - Gold prices rose to a more than one-week high on Wednesday as the U.S. dollar and Treasury yields weakened after cooler inflation data boosted bets that a U.S rate cut might come sooner than earlier priced in by investors.

Spot gold rose 0.4% to $1,970.45 per ounce at 1224 GMT, after earlier touching its highest since Nov. 7. U.S. gold futures also gained 0.4% to $1,974.70...[LINK]

 
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