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Gold prices decline as oil prices rise while the dollar index remains stable
Gold prices dropped to their lowest in two weeks, influenced by the rise in oil prices which increased inflation concerns. The spot price of an ounce was at $3,993.83, while futures contracts remained steady at $4,000.70. Meanwhile, oil prices increased by 2%, reaching their highest in four weeks, with Brent at $84.98 per barrel and West Texas Intermediate at $79.79, amid a state of uncertainty regarding energy flows.
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