Gold exceeds $4400 as dollar weakens
Gold prices slightly increased ahead of the release of U.S. inflation data, supported by a decline in the dollar. Spot gold traded at $4,414.28 per ounce, while U.S. futures contracts dipped to $4,457.20. Investors are awaiting inflation indicators and Federal Reserve interest rate expectations, especially amid rising oil prices and increasing concerns over U.S. debt exceeding $40 trillion, which bolsters gold's appeal as a safe haven.
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