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The Economic Times
The Economic Times
Business

Gold gains as dollar weakens; still on track for fourth straight weekly loss

Gold Inflation Interest Rates United States

Gold rose on Friday as the dollar weakened and expectations of U.S. interest rate hikes eased slightly following inflation data, though prices were still on track for a fourth consecutive weekly decline.

Spot gold was up 1.3% at $4,077.64 per ounce by 1:35 p.m. EDT (1735 GMT).

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