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US spot gold prices move up despite stronger US$

Gold prices edged higher on Friday despite pressure from a stronger U.S. dollar and bond yields, with investors assessing major central banks’ decisions to stand pat on rates as a signal of imminent global economic pain.

Spot gold was up 0.2% at $1,923.29 per ounce , having logged its biggest daily drop since Sept. 5 on Thursday. U.S. gold futures also rose 0.2% to $1,943.10.

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