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Gold Price Bounces But Remains Near Seven-Week Low Amid Fed Concerns

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Gold prices edged up on Tuesday but remained near a seven-week low as investors await US economic data.

The Federal Reserve's decision to keep interest rates high for longer has caused concern among market participants, leading gold to decline in recent sessions.

Spot gold rose 0.4 percent to $4,130.58 per ounce by 04:07 GMT, while US gold futures fell 0.2 percent to $4,162.20.

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