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Gold set for weekly gain on Fed pause bets
Gold prices are heading for their biggest weekly gain in almost two months due to the US Federal Reserve's pause in the tightening of its policies, which has supported bullion's appeal. The precious metal has gained around 1.5% this week, with a potential to increase up to its biggest rise since the week ended on April 7th. Markets are now suggesting that there is a 79.6% probability that interest rates will remain unchanged in June, which is motivating investors to invest in gold.