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Rising inflation pushes gold to 5-month high

Gold prices rose near a five-month high, a sign of growing uncertainty that inflation will slow the economy and dampen a steady rally in equities.

The most actively traded gold futures inched 0.1% on Monday to $1,866.60 an ounce but remained just below its highest since mid-June. Price broke out of a long cycle last week, adding almost 3% after the data showed Inflation soars at its highest annual rate in three decades in October.

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