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Gold declines amid rising dollar
Gold prices experienced a decline during Friday's trading sessions, heading toward a third consecutive weekly loss due to the strengthening of the U.S. dollar and concerns over potential tightening of monetary policy. This has led to a decreased appeal of gold as a safe haven. The spot price of an ounce fell by 2.4% to $4,144, while U.S. gold futures declined by 2.3% to $4,146.90. Additionally, other precious metals such as silver, platinum, and palladium also saw decreases.
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