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Gold firm near 7-month peak on US rate pause hopes

Updated : January 28, 2019 11:11 AM IST

Spot gold was firm at $1,302.58 per ounce by 0308 GMT, while US gold futures climbed 0.3 percent to $1,301.90 per ounce.
The Federal Open Market Committee meets between January 29 and January 30, and Chairman Jerome Powell is widely expected to acknowledge growing risks to the US economy as global momentum weakens.
Gold firm near 7-month peak on US rate pause hopes

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