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Gold Gains Ahead of US Jobs Data
Gold prices have risen slightly as the market awaits the release of U.S. labor market data this week, including employment reports and non-farm wage figures, which will determine the Federal Reserve's interest rate path. Investors expect that a weakening labor market will put pressure on the dollar, potentially supporting gold prices, especially amidst tensions in the Middle East that heighten inflation concerns. Although rising interest rates tend to weaken gold, some experts predict that prices could reach $4,500 in the last quarter of the year, with the possibility of rising to $5,000 by the first half of next year.
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