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Oil prices rose by more than 1%, with Brent crude reaching $105.64 per barrel after increasing by $1.32. U.S. West Texas Intermediate (WTI) crude oil also climbed to $93.11, up by 70 cents. In contrast, gold prices declined by more than 1% due to the rise in oil prices fueling inflation fears, as spot gold fell to $4,223.95 per ounce and the U.S. futures contracts dropped to $4,257.90.
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