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MCX GOLD TIPS | Gold treads water ahead of US economic data

Gold futures were trading in the red during late morning trade in the domestic market on Friday as investors and speculators adopted a cautious stance ahead of key US economic data which may show a strengthening recovery in the US economy, bolstering the case for the Federal Reserve to raise borrowing costs for the first time in almost a decade next week, dimming the lure for the yellow metal as a store of value.
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