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Gold on track for first weekly dip in three as rate-cut bets dwindle

Gold rose on Friday but was set for its first weekly drop in three weeks, as investors lowered expectations of a U.S. interest rate cut after the Federal Reserve s latest meeting indicated a delay in monetary policy easing.

gold: Gold set for first weekly gain in three on Fed pause bets

The dollar was on track for a weekly drop, making gold less expensive for buyers holding other currencies, while yields on 10-year Treasury notes hovered near two-month lows.

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