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Gold rate today LIVE Updates: Gold prices set for seventh weekly gain led by US govt shutdown, Fed rate cut hopes

Gold rate today LIVE Updates: Gold, traditionally viewed as a safe haven during periods of political and financial instability, tends to perform well in a low interest rate setting. The metal has already gained 47% this year.

Meanwhile, the U.S. government shutdown entered its second day on Thursday, raising the possibility of delays in key economic reports, including the highly anticipated non-farm payrolls data scheduled for release on Friday.

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