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Gold prices face weekly decline amid inflation worries
Gold prices worldwide declined today, Friday, June 12, 2026, heading for a weekly loss of 3.2% due to concerns over inflation and the possibility of the U.S. Federal Reserve raising interest rates. The spot price of gold decreased by 0.5% to $4,191.17 per ounce, while futures contracts rose by 2.4% to $4,212.70. The precious metals market is affected by political and economic tensions, with gold having lost about 20% of its value since the start of the war with Iran.
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