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Story summary
- Gold prices increased in the Asian morning session on expectations of Federal Reserve rate cuts.
- Recent data indicated U.S. retail sales were flat in December.
- Market attention is on upcoming nonfarm payrolls and inflation reports that could influence Fed policy.
- Pricing suggests at least two 25-basis-point rate cuts this year, with the first in June.
- Spot gold is trading at $5,042.82 per ounce.
