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Gold prices finish higher to erase Friday’s losses

Gold prices finished higher on Monday, erasing their losses from Friday. Sharp declines in benchmark U.S. stock indexes and a weaker dollar boosted investment demand for the precious metal, even as the U.S. Federal Reserve is expected to announce an interest-rate hike on Wednesday. April gold GCJ8, -0.12% fell $5.50, or 0.4%, to settle at $1,317.80 an ounce.

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