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25 בינו׳

Gold rises despite the United States Bureau of Economic Analysis (BEA) has reported that the economy grew at a higher pace of 3.2% against 3% as anticipated by the market participants. In the July-September quarter, the Gross Domestic Product (GDP) rose strongly by 4.8%. An upbeat GDP data is expected to weaken the consensus argument advocating early interest rate-cuts by the Federal Reserve (Fed).