Gold stays at $4,396 per ounce
A report by Reuters indicated a decline in the gold price following the release of U.S. employment data. The spot price dropped by 2% to approximately $4,380 per ounce amid market anticipation of the Federal Reserve’s decisions on monetary policy and expectations of easing. The gold price stabilized at around $4,396 per ounce, with expectations of weekly gains, ahead of upcoming inflation data that could influence the decision to raise or keep American interest rates steady.
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