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Gold prices steady at $2,050 as dollar slides before nonfarm payrolls data By

© Reuters.– Gold prices steadied near a two-week high on Friday, crossing key levels as unwavering bets on interest rate cuts by the Federal Reserve weighed on the dollar, with nonfarm payrolls data due later in the day set to provide more cues. 

The yellow metal largely brushed off signals from the Fed that interest rate cuts will come later than expected this year, instead capitalizing on losses in the and moving closer towards 2024 peaks. 

But gains in gold prices cooled on Friday as markets hunkered down before the payrolls data, which is largely expected to factor into the Fed’s plans for interest rates.

rose 0.1% to $2,056.20 an ounce- crossing the $2,050 level for the first time in two weeks, while expiring in March rose 0.1% to $2,073.35 an ounce by 00:47 ET (05:47 GMT). The two were also up about 1.9% this week, and were set to snap two…

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