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Gold gains as focus shifts to US economic data
short by System User / on Monday, 6 January, 2025
Gold prices inched higher on Monday, supported by a softer dollar, while investors awaited a slew of US economic data including the December nonfarm payrolls report for further guidance on the Federal Reserve's interest rate stance. Spot gold rose 0.2% to $2,643.69 per ounce by 0229 GMT. US gold futures climbed 0.1% to $2,656.80.