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Gold's Surge Amidst Dollar Weakness
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Overview
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Gold prices rise as the U.S. dollar weakens, fueled by hopes of the Federal Reserve ending interest rate hikes. Exchange-traded fund investors continue to sell gold bullion, while gold is set for its second consecutive weekly rise. Markets are awaiting U.S. purchasing managers index data to gauge business activity.
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How might the Federal Reserve's decision on interest rates impact the global gold market?
How might the weakening U.S. dollar affect the overall financial market and global economies?
What factors could influence the demand for gold and other precious metals?
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