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Oil dips and gold rises anew
Oil prices fell by more than 6% in early Asian trading, as Brent crude futures decreased by $5.52 to $82.41 per barrel, while West Texas Intermediate (WTI) crude declined by $5.27 to $79.40. Meanwhile, gold prices surged significantly, with the spot price of an ounce rising to around $4,067 and the US futures contracts reaching $4,065, reflecting the impact of the decline in oil on inflation concerns and interest rates.
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