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Gold gains as oil drops ahead of inflation report
Gold prices rose today, supported by a decline in oil prices following a fragile ceasefire between Israel and Iran, while investors awaited inflation data and potential interest rate hikes. The spot price of gold increased by 0.4% to $4,345.71 per ounce, and August-delivery U.S. futures gained 0.2%. Other precious metals such as silver, platinum, and palladium also saw modest gains.
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