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Nov 7 - Gold prices rebounded from a three-week low on Thursday on the back of a weaker dollar and as investors awaited the U.S. Federal Reserve interest rate decision later in the day.
"The market is focused on the Fed decision today, perhaps also reflecting to some degree on the BoE's decision to cut rates by another 25 basis points," said Peter Grant, vice president and senior metals strategist at Zaner Metals. The Fed embarked on its policy easing cycle with an unusually large half-percentage-point rate cut in September.
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