Gold attracts some buyers on Friday and moves back above $5,100, reversing a part of the overnight fall to the lower end of the weekly range. A further escalation of conflicts in the Middle East offers support to the safe-haven bullion amid a modest slide in the US Dollar. That said, the aggressive repricing of Fed rate cut expectations, amid concerns about a war-driven surge in inflation, might cap the non-yielding yellow metal ahead of the US PCE Price Index.
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