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Gold

2023-05-16 03:34:49

Gold advanced on Monday on a weaker dollar as traders stuck to bets on interest rate cuts before year-end despite comments from Federal Reserve officials, with focus also on the U.S. debt ceiling talks.

Spot gold was up 0.2 percent at $2,015.55 per ounce, rebounding from its one-week low touched on Friday. U.S. gold futures settled up 0.1 percent at $2,020.50.

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