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Rate-hike bets keep gold on track for worst week in four months

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Rate-hike bets keep gold on track for worst week in four months
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Market & Financial Impact: GLOBAL-PRECIOUS/ (UPDATE 8):PRECIOUS-Rate-hike bets keep gold on track for worst week in four months
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

* Spot gold down about 4.5% this week, the most since early June

* Silver, platinum and palladium also head for weekly declines

Nov 13 (Reuters) - Gold firmed on Friday as a largely in-line US inflation reading alleviated some bets on a bigger rate hike, but Thursday’s selloff to a more-than-a-year low kept bullion on track for a weekly decline.

Spot gold ticked up 0.1% at $3,879.71 per ounce as of 2:05 p.m. ET (1905 GMT), after briefly touching a session high of $3,922.97 when the US Producer Price Index data came out.

US gold futures for December delivery settled largely unchanged at $3,886.30 per ounce.

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Official Publisher Attribution: This report is aggregated from LiveMint. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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