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Gold sees modest rebound
Gold prices rose in Wednesday trading in a technical rebound after losing about 3% in the previous session. Spot gold gained 0.3% to $4,043.62 an ounce, while U.S. gold futures rose 0.5% to $4,051.10. Gains were limited by higher U.S. inflation and growing expectations of a December rate hike: the probability of an increase reached 100%, up from 84% before the inflation data were released, with markets betting on a hike of as much as half a percentage point.
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