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Gold is inside placing distance of a brand new document excessive because the market bets the primary US interest-rate minimize since early 2020 is close to. Gold steadied at elevated ranges after surging nearly 2% on Friday on weaker-than-expected US financial information, which bolstered the case for the Fed to pivot to financial easing. The steel briefly rose above $2,100 an oz Monday, the best value because the document of $2,135 recorded in Dec.

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