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Gold Flirts With $1,300

  • Bullion is on course for its biggest annual gain since 2010
  • Fed’s Bill Dudley among central bankers set to speak this week
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Photographer: Akos Stiller/Bloomberg

Updated on

Gold futures climbed above $1,300 an ounce for the first time in six weeks as the dollar wavered and investors braced for an onslaught of economic data and political news.

Bullion rose for the third time in four days as a gauge of the dollar traded close to the lowest since September. A report later this week is forecast to show the Fed’s preferred gauge of inflation slowed in October, after Chair Janet Yellen cautioned last week that raising rates too quickly risks stranding inflation below the central bank’s target.