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The gold market is not seeing much reaction to economic data as surging momentum in the U.S. dollar continues to dominate the precious metal. December gold futures last traded at $1,704.20 an ounce, down 1.27% on the day. Analysts have said that positive activity in the U.S. manufacturing sector will continue to support the idea that the Federal Reserve can engineer a soft landing for the economy as it continues to raise interest rates.
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