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Gold edges up as oil drops
Gold prices slightly increased as oil prices declined following the announcement of a halt in hostilities between Iran and Israel. Investors are concerned about the potential increase in U.S. interest rates, with gold reaching $4,340.31 per ounce after a previous decline. The market is now awaiting upcoming inflation data to gauge the direction of interest rates. Additionally, other precious metals such as silver, platinum, and palladium also saw gains.
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