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Gold firms above $1 800/oz as pandemic, inflation risks linger

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Gold climbed above the key $1 800/oz level on Tuesday, after a sharp retreat in the last session, as some investors sought cover from pandemic-led uncertainty, inflation and its impact on the U.S. Federal Reserve’s rate hike trajectory. Spot gold rose 0.2% to $1 804.80/oz by 1110 GMT, after recording its worst session in more than a month on Monday. US gold futures rose 0.3% to $1 805.3.

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