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Gold prices rise amid Fed pause bets, copper gains on China stimulus
Gold prices rose on Friday and were headed for a positive week amid increasing bets that the Federal Reserve was close to ending its rate hike cycle, while copper prices rose as major importer China unveiled more stimulus measures. Bullion prices were for a third straight positive week, and appeared to have found stability in the high $1,900s on the prospect of fewer U.S. interest rate hikes this year. Weakness in the dollar aided most commodities priced in the greenback, although the dollar did rebound from 15-month lows this week, spurring some profit taking in gold. Spot gold rose 0.1% to $1,971.08 an ounce, while ... (full story)