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Gold Clings to $4,285 Amid Rate Outlook
Gold prices settled around $4,285 per ounce amid investors' assessments of the possibilities of the U.S. Federal Reserve raising interest rates again this year, as its appeal as an inflation hedge diminished due to monetary tightening. Meanwhile, other precious metals experienced declines: silver fell by 0.6% to $64.08, platinum remained steady at $1,749.47, and palladium saw a slight increase of 0.2%.
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