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Gold rises over 1% as softer oil prices ease inflation worries
Gold rose more than 1% on Monday as softer oil prices eased inflation concerns, while investors awaited key US inflation data and fresh signals from the Federal Reserve on its policy outlook. Spot gold climbed 1.4% to $4,123.46 per ounce by 0428 GMT, while US gold futures for December delivery also rose 1.4% to $4,132.70. Bullion gained about 5% last week. Oil prices fell after US President Donald Trump said he was highly unlikely to order further attacks on Iran as talks to end the conflict continued, easing concerns about potential supply disruptions. Lower oil prices can ease inflation...
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