Gold holds above $4,100 as weak dollar offsets Fed hike bets

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Gold prices held above the $4,100 mark during Asian trading on Thursday, stalling a modest pullback from an over two-week high. The precious metal found support from a weaker US dollar, which helped counter pressure from rising Federal Reserve rate hike expectations amid escalating tensions between the United States and Iran.

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Weak US dollar supports gold prices, offsetting Fed rate hike pressure.

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