Gold off two-week peak as oil advances, Fed meeting eyed

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Gold traded below recent highs as oil prices climbed due to Middle East tensions. Traders are now watching the Federal Reserve meeting for interest rate clues. Rising oil prices increased concerns about inflation and potential Fed rate hikes. The European Central Bank is expected to hold rates steady but may hike later. NOVAGOLD Resources announced a significant acquisition in the gold production sector.

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Gold off two-week peak as oil advances, Fed meeting eyed

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