Gold approaches its top weekly increase of the year
Gold prices rose today, Friday, marking the largest weekly gains since the start of the year, increasing by more than 5% since the beginning of the week to reach $4,287.19 per ounce in spot transactions and $4,342.10 per ounce in US futures contracts. This comes amid expectations that the war in the Middle East will end and inflation forecasts will be lowered. Additionally, the decline in oil prices is helping to reduce inflationary pressures, and investors are awaiting the US jobs report for July to understand the direction of interest rates.
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