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Gold set for third straight weekly decline
Gold prices are heading toward a third consecutive weekly loss, driven by rising oil prices and U.S. inflation data that fuel expectations of the Federal Reserve raising interest rates at its next meeting. The spot gold price declined by 0.1% to reach $1,312.20 per ounce, with an estimated weekly loss of 2.7%. Other precious metals also declined, with silver falling more than 4% over the week, while platinum and palladium experienced slight increases but still remained on a downward trend.
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