Gold edged higher in the first Asian release. Research team Phillip Proof said in a commentary that there are certainly many people who believe the Fed has completed its energy bull cycle, noting gold rose to the key $2,000/oz level on Friday. The prospect that the Fed's tightening cycle could end could increase the appeal of the non-interest-bearing precious metal. Spot gold trading increased 0.1% at 2,003.48 USD/oz.
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