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Commodity Roundup: Gold starts 2024 on a positive note; Red Sea tensions lift oil

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Stack of gold bars

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Gold prices (XAUUSD:CUR) rose on Tuesday, starting the year on a high after clocking a 13% annual gain in 2023 – its best year since 2020 – supported by a weaker dollar and expectations of interest rate cuts by the U.S. Federal Reserve. Lower

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