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Gold climbed on Wednesday, supported by a softer U.S. dollar, while investors weighed Middle East price pressures and awaited key inflation data for the Federal Reserve’s outlook. Spot gold rose 1.1% to $4,401.09/oz by 0825.
Gold climbs nearly 1% to above $4,650 an ounce, its highest since mid-May, as a subdued dollar lifts bullion and markets await US inflation data and Federal Reserve Chair Kevin Warsh comments.