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Gold rises to one-week high amid easing oil prices

Spot gold climbed to a one-week high and was on track for a first weekly gain in four, helped by lower oil prices; a stronger dollar capped upside.

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Gold prices rose to a one-week high on Friday and were set for their first weekly gain in four, as lower oil prices reduced concerns about prolonged inflationary pressures. A firmer dollar limited the advance. m.