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Gold Prices Holding Support Above $2,000 as UofM Consumer Sentiment Rise to 79.6

Gold prices held steady on Friday, despite a drop in consumer spending and a loss of over 1 percent during the week. However, unexpected spikes in U.S. consumer prices and a shift in sentiment among traders regarding potential rate cuts reflect a cautious market outlook. Economic indicators recalibrated traders' expectations for interest rate cuts after recent economic data contradicted earlier trends.

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