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Gold declines after two-week high
Gold prices declined today after reaching their highest level in two weeks, accompanied by a slight rise in the dollar from its lows. However, expectations of the Federal Reserve pausing or slowing interest rate hikes limited the decline. Spot gold fell by 0.5% to $1,153.50 per ounce, while August-delivered U.S. gold futures increased by 1% to $1,167.50 per ounce, after ending the previous week more than 2% higher due to interpretations of softer-than-expected U.S. employment data.
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