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Gold prices held steady on Tuesday as investors awaited the outcome of the U.S. presidential election and the Federal Reserve's policy meeting. The U.S. presidential race remains tight, while the Fed is widely expected to cut interest rates. Gold is seen as a safe-haven asset during times of uncertainty.
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Some of the so-called "Trump trades" unwound after a recent poll showed Harris, the Democratic vice president, leading in Iowa, sparking a drop in the U.S. dollar, Treasury yields and bitcoin. Trump Media & Technology Group closed up 12.37%, bouncing back from early losses of nearly 6%.
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Energy planners say Labour's 2030 electricity net zero target is "achievable" but a "huge challenge".
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News and Media
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