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Gold Silver Reports (GSR) – U.S. gold futures settled up $10.20, or 0.8 percent, at $1,223.60. Gold jumped from near a two-week low on Wednesday after U.S. Federal Reserve Chair Jerome Powell said interest rates were “just below” neutral, soothing investor worries over the pace of rate hikes.
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The dollar gained after Clarida said the central bank should continue to gradually raise interest rates, but it was “especially important” to monitor economic data as monetary policy was getting close to a neutral stance.