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Gold steadies following rate increase
Gold prices settled near $4,070 per ounce after the U.S. Federal Reserve decision to keep interest rates unchanged, despite ongoing uncertainty regarding the inflation trajectory. The primary support for gold came from the decline in the dollar, along with geopolitical tensions in the Middle East, which helped maintain support levels. Although prices experienced a slight dip as investors awaited the monetary policy decision, the precious metal remains close to its highest levels in about two weeks.
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