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Gold Set For Strongest Weekly Gain Since January As Fed Hike Bets Ease

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Gold pushed above $4,300/oz and is on track for its largest weekly gain since January, supported by hopes for peace in the Middle East. The move also reflects easing inflation concerns and a pullback in expectations for a Fed rate hike in September.

Analysis

Gold pushed above $4,300/oz and is on track for its largest weekly gain since January, supported by hopes for peace in the Middle East. The move also reflects easing inflation concerns and a pullback in expectations for a Fed rate hike in September.

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