5 Hrs
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Gold nears $4,000 again
Spot gold rose 0.6% to $4,055 an ounce, partially recovering from a roughly 3% drop in the previous session, while U.S. futures gained 0.8% to $4,063.20. The rebound followed a sell-off triggered by data showing U.S. inflation rose 0.4% in October and comments from Federal Reserve officials backing an interest-rate hike. Markets put the odds of a hike in December at 100%.
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