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Gold prices fall as oil prices rise and the U.S. dollar index declines globally
Gold prices declined today after experiencing an increase of more than 2 percent in the previous session. This was driven by rising oil prices, which sparked concerns over inflation and impacted US interest rate expectations. The price of an ounce reached approximately $4,035.67 in spot transactions, with US futures contracts retreating. Meanwhile, oil prices rose to their highest level since mid-June, and the dollar index against a basket of currencies continued to fall.
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