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Gold reaches two-week high
Gold prices rose today to their highest levels in about two weeks, supported by buying activity ahead of the upcoming U.S. Federal Reserve meeting, during which officials will look for hints regarding interest rate forecasts. The spot price of gold increased by 0.9%, reaching $4,113.73 per ounce, while U.S. gold futures for August delivery jumped 1.1% to $4,119.10. This increase comes as investors await the Federal Reserve's meeting, amid expectations that interest rates may be raised, which could impact the price of the precious metal.
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