Gold scales 3-month peak as Middle East conflict spurs demand

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Gold scales 3-month peak as Middle East conflict spurs demand
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Gold prices hit a three-month high on Friday and were set for a second straight weekly gain, with demand bolstered by the Middle East conflict and expectations that the Federal Reserve's rate hikes are nearing an end. Spot gold was up 0.2% at $1 977.60 per ounce at 07:20 GMT, after hitting its highest since July 20. US gold futures GCcv1 added 0.

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