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Gold Rebounds After Drop
Gold prices rose in today’s trading after falling nearly 3% in the previous session, amid expectations that the U.S. Federal Reserve will raise interest rates next month following higher-than-expected inflation data. Spot gold gained 0.3% to $4,043.62 an ounce, while U.S. gold futures for December delivery rose 0.5% to $4,051.10. The metal had gained about 5% over the previous week.
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