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Gold prices face limited upside amid high US inflation, analysts say

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Gold prices are expected to see only modest gains in the near term, according to market analysts. Manav Modi, Senior Analyst at Motilal Oswal Financial Services, attributes the limited upside to persistently high inflation in the United States. Elevated inflation typically influences Federal Reserve policy decisions, which in turn affect gold's appeal as an asset. Traders and investors have been advised to monitor key price levels closely this week.

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