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GOLD: Weekly Outlook & Short Term Analysis

Gold prices climbed a six-month peak on Monday, supported by a weaker U.S. dollar and on bets that the Federal Reserve is done with its interest rate hike cycle, while the focus shifted to U.S. inflation data due later this week.

“What’s moving gold at the moment is the lower U.S. dollar because of the recent soft data,” said Kyle Rodda, a financial market analyst at Capital.com.

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