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Gold $3,323.48 $(0.42) -0.01% Silver $37.07 $0.07 0.2% Platinum $1,360.43 $0.05 0% Palladium $1,138.54 $(5.33) -0.47%

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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