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Gold muted as higher-for-longer rate outlook weighs

Spot gold was little changed at $4,344.29 per ounce as investors weighed a higher-for-longer US rate outlook and awaited comments from Federal Reserve officials.

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Gold prices lacked momentum on Tuesday as expectations that interest rates may stay higher for longer weighed on sentiment, while investors waited for comments from US Federal Reserve officials for policy clues. 29 per ounce.