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TOKYO -- Money is flowing into the gold market as expectations of U.S. interest rate cuts, geopolitical risks and short-term investing drive demand, with net inflows into gold-backed exchange-traded funds (ETF) in July reaching the highest level in two years.
New York gold futures briefly reached a new high of $2,522.50 per troy ounce on Aug. 2 and opened Thursday near $2,500.
