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Gold Rises From Year Low
Spot gold rose 0.7% to $3,902.03 an ounce, recovering from a one-year low after falling 3.6% on Friday, while U.S. futures gained 0.3% to $3,911.50. Gold was supported by a more than 4% drop in oil prices, which eased inflation concerns and pressure on interest-rate expectations, as markets awaited the U.S. midterm elections scheduled for Tuesday.
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