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Gold prices Higher in 7-month on Fed Decline worries

Gold prices increased today on seven-month high expectations for more U.S. soother inflation this week and an eventual turn in the Federal Reserve’s rhetoric.

Prices of gold rose on Friday also on data from the Labor Department showed the non-employment numbers decreased in December.

These rates surpassed gold prices last year, pushing the opportunity cost of holding non-yielding assets. Gold saw a higher demand over the past month amid fears of a potential recession in 2023.


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