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Gold gains amid inflation worries

Gold gains amid inflation worries

Gold prices recorded an increase during yesterday's Friday trading. The spot market rose by 0.4% to reach $4,512.79 per ounce, while U.S. futures contracts increased by 0.2% to $4,543.10. This rise is driven by growing concerns related to inflation and market anticipation of a possible interest rate hike by the U.S. monetary policy.

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