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US gold futures price

Gold Eyes Best Week in More Than Two Years on Hopes of Less Aggressive Fed

US gold futures price
Gold prices edged higher on Friday

KONTAN.CO.ID - LONDON. Gold prices edged higher on Friday en route to their biggest weekly gain in more than two years as U.S. data pointing to slowing inflation boosted hopes that the Federal Reserve would slow its aggressive rate hikes.

Spot gold was up 0.4% at $1,761.73 per ounce, as of 0610 GMT. Prices have risen 4.7% so far in the week, heading for their biggest gain since July 2020.

U.S. gold futures rose 0.6% to $1,764.50.

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