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الراي
Gold Approaching Two-Week Peak
US interest rate hike expectations have diminished following the jobs report, which showed a slowdown in employment growth in June, leading to gold prices remaining close to a two-week high. The spot gold price reached $4,175.02 per ounce, while futures contracts for August delivery rose by 1.5% to $4,186.80. Weakness in the labor market and revisions to previous employment data have led the Federal Reserve to lower its expectations for raising interest rates.
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