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Gold prices pause near 7-mth high with PCE inflation data in focus.

Gold prices fell slightly on Thursday as a recent rally in the yellow metal appeared to have paused, as markets awaited more cues on U.S. monetary policy from a key inflation reading due later in the day. 

But the prices of the yellow metal remained close to a seven-month peak hit earlier this week, as expectations of a less hawkish Federal Reserve, a weaker dollar and some increased safe haven demand spurred strong gains in November. 

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