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Gold Rate Today Int Market- December 4, 2023

Gold Rate Today Int Market- December 4, 2023
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Gold s long-term positioning seems positive – analyst (Commodity:XAUUSD:CUR)

Gold s long-term positioning seems positive – analyst (Commodity:XAUUSD:CUR)
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Gold retreats from record peak as dollar bounces back

Gold retreats from record peak as dollar bounces back
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Gold eases as dollar ticks up, Fed rate cut bets lend support

Lower rates reduce the opportunity cost of holding non-interest-bearing bullion.

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Gold steadies near 7-month peak on Fed rate cut bets

Spot gold was up 0.1% to $2,043.58 per ounce by 10:17 a.m. ET (1517 GMT), after hitting its highest since May 5.

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