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Gold (XAUUSD) Consolidating Above $3,612 Support; Breakout Towards $3,675 Resistance in Focus

GOLD was up on Monday morning after testing the low level of $ 3613 in the last weekly trading session as Gold hovered around $2,640 per ounce on Monday, near record highs, as investors awaited a crucial US Federal Reserve policy decision later this week. Traders are pricing in a 25bps reduction at the Fed's upcoming meeting amid signs of labor market weakness, with some expecting that easing could extend into next year.