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Gold gains on dollar dip, safe-haven appeal

Gold prices rose on Friday, supported by a softer dollar and escalating Middle East conflict lifting safe-haven appeal, but were set for a second weekly fall as traders reassessed hopes for early interest rate cuts in the United States. Spot gold was up 0.3% at $2,034.06 per ounce, as of 0231 GMT. However, it has fallen 0.6% so far in the week.

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