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Gold hits near two-week high on weaker dollar, dovish Fed signals

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– Spot gold was up 0.4% at $1,971.68 per ounce by 0043 GMT, after hitting its highest since Aug. 19 at $1,976 in early Asian trade. – U.S. gold futures rose 0.4% to $1,982.50. – Last week, Fed Chairman Jerome Powell said the central bank would adopt an average inflation target, meaning rates are likely to stay low for longer.

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