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Gold Breaks $4,000 an Ounce
Spot gold rose 2% to $4,009 an ounce, breaking above the $4,000 mark, as oil fell about 1%, inflation concerns eased, and investors awaited the results of the U.S. midterm elections and labor-market data. These factors boosted the appeal of the non-yielding metal, while the FedWatch tool showed traders saw a 78% chance of a U.S. interest-rate hike next month.
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