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Gold dips after two-week peak
Gold prices fell today after reaching their highest level in two weeks, amid a slight rise in the dollar. However, the decline in expectations of interest rate hikes by the Federal Reserve limited the losses. Spot gold prices decreased by 0.5% to $1,153.50 per ounce, while futures contracts rose by 1% to $1,167.50, as investors awaited the Federal Open Market Committee meeting minutes. The slowdown in U.S. job growth last month led to lowered expectations for interest rate increases, which supported the precious metal's price.
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