Gold declines for third week amid rising oil
Gold declines for the third consecutive week amid rising oil prices and US inflation reports that boost the likelihood of interest rate hikes by the Federal Reserve. The metal traded at approximately $431.20 per ounce, down 2.7% for the week, following a previous decline of 1.8%. Silver experienced its largest weekly loss since July, dropping 4%, while platinum and palladium saw slight gains but are also on track to record weekly losses.
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