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Gold gains over 1% on hopes for U.S. stimulus (Reuters)

Investors were eyeing talks between U.S. House of
Representatives Speaker Nancy Pelosi and Treasury Secretary
Steven Mnuchin to reach a deal on the long-awaited COVID-19
relief bill.             
    "If there's a deal, chances are stimulus will reignite the
idea that inflation will move towards the Federal Reserve's
target," which along with the interest rate suppression policy
by the Fed are a very good catalyst for gold, said Bart Melek,
head of commodity strategies at TD Securities.

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